A third quarter trading update from Adyen has revealed a 22 per cent year on year revenue rise to around €413 million.

The Dutch e-commerce payments platform also reported a 21 per cent increase in processing volume to around €243 billion and a 25 per cent uptick in unified commerce processed volume for the quarter.

Back in August, lower profits at Adyen wiped billions from its valuation. According to the Financial Times, the company had around €18 billion slashed from its market value after publishing its financial results.

Adyen recorded an EBITDA of €320 million for the first six months of the year, down by 10 per cent compared to the same period of 2022.

The platform’s latest financial update also revealed three financial objectives for the company.

Adyen, which received UK bank authorisation in September, said it was aiming to grow net revenue annually between the “low-twenties and high-twenties per cent” up to and including 2026.

It also aims to improve EBITDA to above 50 per cent in 2026 and maintain a sustainable capital expenditure level of “up to five per cent” of its revenue.

“These updated objectives reflect the growth potential and operating leverage inherent to Adyen’s single platform,” it said.

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