Euronet Worldwide, Inc. (NASDAQ:EEFT) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET

Company Participants

Scott Claassen - General Counsel

Rick Weller - Chief Financial Officer

Mike Brown - Chairman and Chief Executive Officer

Conference Call Participants

Rayna Kumar - UBS

Andrew Schmidt - Citi

Darrin Peller - Wolfe Research

Cris Kennedy - William Blair

Pete Heckmann - D.A. Davidson

Mike Grondahl - Northland Capital Markets

Operator

Greetings and welcome to the Euronet Worldwide Fourth Quarter and Full-Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please be advised that today's conference is being recorded.

It is now my pleasure to introduce your host, Mr. Scott Clausen, General Counsel for Euronet Worldwide. Thank you, Mr. Clausen, you may begin.

Scott Claassen

Thank you. Good morning, everyone, and welcome to Euronet's fourth quarter and full-year 2022 earnings conference call. On this call, we have Mike Brown, our Chairman and CEO; and Rick Weller, our CFO.

Before we begin, I need to call your attention to the forward-looking statements disclaimer on the second slide of the PowerPoint presentation we will be making today. Statements made on this call that concern Euronet's or its management's intentions, expectations or predictions of future performance are forward-looking statements.

Euronet's actual results may vary materially from these anticipated in the forward-looking statements as a result of a number of factors that are listed on the second slide of our presentation. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any person to provide any update. In addition, the PowerPoint presentation includes a reconciliation of the non-GAAP financial measures we'll be using during the call to their most comparable GAAP measures.

Now, I'll turn the call over to our CFO, Rick Weller. Rick?

Rick Weller

Thank you, Scott, and good morning, and welcome to everyone joining us today. I will begin my comments on Slide 5. For the fourth quarter, we delivered revenue of $865 million, operating income of $79 million, adjusted EBITDA of $127 million, and adjusted EPS of $1.39. These results produced strong double-digit constant currency growth rate, driven by strong growth from all 3 segments. With particular reflection on the continued improved domestic and international cash withdrawal transactions in the EFT segment, where the improved demand for travel continues following the lifting of COVID restrictions across the globe.