Thank for everyone, I've us begin me. lot with comments, joining. bear a you, you so Rick, Thank my I'll thank XX. comments you, got for on please joining today. and of Slide
watching a got spoke it's we share the I've bit brutal since to our in price in decline been you to say, July.
why hard our understand to market continuous this it's history. But I for the comprehend intellectually, think I given me reacted growth earnings way.
and to like diversity on our So I'd a take reflect earnings. the minute of
adjusted from or only ATM Today, from in ATM our XX% ] When of on it I the XX% all business withdrawals. this of these not the our ATM credit earnings XXX% of is feels of like business, began EBITDA focused for value was of only revenue however, Street the Euronet's consolidated us approximately [ seen business. our same account cash withdrawals dispensing earned and giving cash
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recent our business but discussion, Europe, as a discussing investors going state to told me, ATM to you're long-term Mike, it. of we one were are in you, the the During prove of investor we have with
are will able use hope business. continue So that over slides, you the cash. to that the be will to of few consolidated And going hope then course of value convince realize I the next our to people you I I
view stopped flight using cash. to have jump XX. our not #XX to you that people transactions let's In Slide some So go the sudden to data data. we the from Slide told Eurocontrol recovery straight of July, the international divergence into support about
can You June. a cash-to-card long-term to long-term very This see but continues. in believe since this gradual with from in We shared that you transition chart still company ongoing and XXXX. has the clearly transition we founded been subtle believed May intuitively I
data ATM challenges abrupt we are saw European withdrawals. June attributable the this resulting experiencing fewer significant that to largely in was economic in cross-border However, change demonstrates travelers who
had to our cash their travelers money an Eurocontrol accelerated behavior that believe We do data to divergence in from not in spend simply this shift cardholder on holidays. less is international from Rather summer transactions card. the European
to data ATMs provides explain number XXXX, the Now reported in used on let XXXX, our which compared versus me this of The blue international on the Eurocontrol's is XXXX why. slide orange line. cards versus line
international You level. of X recovery of can on were year, Eurocontrol's months tracking first see ahead our for the this cards ATMs used nicely
from can September, international in dramatically period. back in in like suddenly a they cards late actually starting However, to June. we recovery cardholder customers our see so ATMs didn't card from would use you At that in you to behavior we July. levels. card see suddenly It believe as such September, told international in to cash May, that you June, in about And cash in cards short told didn't you change can on reason didn't above dramatic time, change in just that shift the that Eurocontrol stands use we was shift
season. let use, you what Given largely walk me now peak are we've travel through we the seen international that through the our in recovery in data card
slide. over So the let's next first run to -- slide
us What On X consistency most Slide have regarding transaction. opt-in are per factors out the average other The can for our this withdrawal you even consistent that slide, rates seen asked rates that Here have popped transactions XX. and else perhaps variables? remained amounts recently. opt-in anything see important could and has have the on DCC changed. we've we are impacted People behaviors if consumer greater
the when on little completing The some XXXX average amounts of our believe, shows consistent an was graph of upward This spike withdrawals to war, quarter a remained with -- up angle are people of somewhat mostly. constant basis. the the to walking on line that per transactions demonstrates with in there data relatively withdrawal result see right in you trend, second The have transaction are they Ukrainian the behaviors. that prior a we of ATM, currency
and let's X cross-border cardholder Slide about to XX Now talk with those largely factors specific unchanged, data. go
the blue XX, the cards years gray orange international year year. by notice our line of XXXX. you is than XXXX. Here a line and and used XXXX, in at more line on even The you this What there Slide out widening XXXX see is international August. you number of XXXX. bit beginning and cards will ATMs on month July The can and trend the used even XXXX Again, for is here slightly is in beginning see in can change May the 'XX, that than the more machines were our in last and
go back beg trends previous then see again, the used of oval, came in to the in question, why the transactions However, months, red causes in to summer and the both this historical fall. did cards the number line September in return graph, with periods, lower you
in of start next getting that let's slides. But behind the couple
uses chart So the slide jump XX, previous slide. as international please. The on this Slide same to data the
cards of a that view into our machines Europe. However, it outside Europe, used issued on is to that coming folks were isolates
were to continue data, of card we XXXX the that non-European Here, almost trend at of that April a used And you year, level cards the our we at surpass this on total for surpassed year the level, higher actually is the at what each previous subset the versus this XXXX. ATMs can of and see look in slide. versus the issued -- we month reverse when data
use pre-COVID as travel demonstrates Moreover, card cash non-European would compared no. past? we is this acceleration with subset withdrawals than versus of this customers Clearly, even we an versus suggest using answer this changed have September. The more XXXX Net-net, went cards not the on are through in times. saw that chart non-European data
on on slide, go let's next to the travelers Now European XX. Slide
on our X international XX, better usage in same data and May, their or those as cards And the Here as Europe home fell the isolating started That the card European-issued below it similar card Again, cross-border folks ATMs. see a time to you'll on the country. outside Slide this previous XXXX in but is used subset, within XXXX. traveling slides, periods. XXXX,
ended ATM lower XXXX and use parity as oval that the but again. -- what an came we XXXX, an to withdrawals. see cross-border we European made see that economically into is quarter, of in the during on the data the cards at behavior, during abrupt change you third clear back can the European the driven contraction The almost September, despite not used red parity non-European was this number As when contrast cards, in quarter, versus third rather months, together near cards issued ended cross-border both that what stark the summer with looking with for consumer international return September,
XX% a impacted for expectations robust travelers, international significantly tourism more that transactions from this European our Given of our approximately come recovery.
would dramatically we from card European from behaviors why So of that see it users outside users different versus is Europe.
Let's the slide next explore. go to to
impact presents into charts additional European that #XX could data consumer that different third-party several Slide provide sources economic from behavior. insight
income quarter last and we this the winter maybe they that high survey find in travel cheaper that year for by European remember respondents consumer to cost Europeans trinkets noted destinations of less fewer and vacations accommodations. survey, due less Travel a high to vacation had respondents of certain order may Europe the to destinations, affordable and of Commission. referred of that the season to the their on after that peak a spend travelers was survey that You travel that inflation, outside altogether, Instead disposable a and year. energy In or flights to co-funded EU travel in more food, spend nights even would their away, skipping would noted tours
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someone trends But above discussed all we ATM, approach used have While travelers Europeans impacted never we than why their more didn't be this can outside our the coming vacations are that Europe from use network year. our confident of consumer how ever. certain
slide, please. Next
started. I'll #XX, how trend with I Slide on conclude So comments my
less shows less or travel has rather cash costly accelerated data an in Our the to in their card, plans, that European to not consumers destinations European changes the spend causing to the been shift consumer in season. later shift from economy, and behavior there but
trends we While business. the will mind, rapid tell in we recovery interest news pressures the power. in for term, Euronet, that of believe me European good conflict potential With ATM this limit let expect ongoing of higher why long-term near the in Ukraine long-term is of the the that continued in spending you rates, growth the inflationary still and
into First, pre-COVID transaction our in fleet These existing produce we have of opportunities. markets ATM our more Europe. new there in new levels believe existing of Europe parts on markets well outside and room is excellent us based for expansion shown markets. levels, exceeding And profit
branches ATMs. Number bank of which has resulted two, a in been closing Europe, banks fewer in consolidation across there's and widespread turn,
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portfolio markets. product new #XX. the with diversify we're By on way, Slide EFT to continue expand and We our products and
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discuss #XX. network. to Slide our let's Please the Now state ATM of move
XXX XXX new quarter we X,XXX We X,XXX XX,XXX the as of new locations season. mentioned the machines end XXX and the XXXX. we ATMs. the peak deploy we travel We winterized with ATMs, machines outsourcing down previously wound ended the that we intend to added During quarter, by Euronet-owned to ATMs at active
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We'll #XX. epay. Slide to on go about let's talk Now
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and Slide we'll go Now to wrap it let's XX, up.
trust conclude As abrupt shift data was whether our my on questions to card. an your remarks, that from cash there I travel of I answered analysis
be that not data XXXX vacations specifically the card to has on spent but money me discretionary rather due business on to cash abrupt during our while travelers purchases shift less clear, Let EFT inflationary shows from an European experienced pressures.
more earlier, simply are cash business. mentioned I we a than As
diversified are We a producing with opportunities. segments future growth business multiple
may X/X COVID. our of you remember, during As business grew
As I optimism reflect many I reasons. on for our forward look recent with quarter,
revenue a eclipsing in quarterly first for time in billion First, $X record we our the revenue delivered quarter, history. consolidated
epay XXXX quarter third to business double all across compared grew Second, digits XXXX. of our core the metrics in
regaining by rhythm. grew EBITDA business XX%, Transfer its adjusted our and margin Third, op more Money income than operating
September XXXX XXXX. ATM transaction our expectations future in optimism, point, final the and data our for are There with of in was for Eurocontrol sync remainder data discuss travel back XXXX. my And let's of reasons
margin and quarterly segment Going longer forward, no expectations. revenue EPS XXXX, will we in provide
We EPS to annual a adjusted simple will shift range. growth of expectation
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happy usual. bit to have today, be talked than take little a so questions. I'll long less that, time a With I time we
like of would I So each questions each to question to questioners, -- on of limit the the X piece. just
