ATLANTA, August 7, 2019 – EVO Payments, Inc. (NASDAQ: EVOP) (“EVO”), today announced its second quarter 2019 financial results. For the second quarter ended June 30, 2019, reflecting the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“ASC 606”), effective January 1, 2019, reported revenue was $122.5 million, compared to $140.9 million in the prior year. Adjusted revenue for the second quarter was $150.0 million, compared to $140.9 million in the prior year, an increase of 6%. On a currency neutral basis, adjusted revenue grew 9%. On a GAAP basis for the second quarter, net income was $3.8 million or $0.01 per basic and diluted share attributable to EVO Payments, Inc. Adjusted EBITDA increased 6% to $39.3 million for the quarter, compared to $37.0 million in the prior year. On a currency-neutral basis, adjusted EBITDA grew 9% over the prior year.
“In the second quarter, EVO delivered strong top and bottom line growth in our North American and European segments,” stated James G. Kelly, Chief Executive Officer of EVO. “We announced a new 10-year, exclusive joint venture with Bci in Chileto expand our distribution further into Latin America. We also continued to develop our tech-enabled capabilities in our international markets, such as Mexico, Spain, and Ireland, to complement our strong bank referral channels. We are pleased with our business and financial performance in the second quarter and the first half of the year. As a result of this performance, we are maintaining our previously stated guidance for 2019.”
About EVO Payments, Inc.
EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across the Americas and Europe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the markets it serves.
Sarah Jane Perry
Investor Relations & Corporate Communications Manager