Business

Euronet reports higher third-quarter revenue, profits

Euronet Worldwide Inc. generated revenue of $524 million in the third quarter, compared with $481.4 million in the same period last year.
Euronet Worldwide Inc. generated revenue of $524 million in the third quarter, compared with $481.4 million in the same period last year.

Leawood-based Euronet Worldwide Inc. reported an almost 9 percent increase in third-quarter revenue and a near-doubling of net income.

For the three months that ended Sept. 30, the electronic financial payments company generated revenue of $524 million compared with $481.4 million in the same period last year.

Euronet said earnings climbed to $60.7 million from a profit of $31.3 million in the third quarter of 2015.

The company’s financial services network includes nearly 30,000 ATMs worldwide.

The Star

This story was originally published October 21, 2016 at 2:36 PM with the headline "Euronet reports higher third-quarter revenue, profits."

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