Euronet Worldwide, Inc. (NASDAQ:EEFT) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET

Company Participants

Scott Claassen - General Counsel

Michael Brown - Chairman and CEO

Rick Weller - CFO

Kevin Caponecchi - EVP and CEO, epay, Software and EFT Asia Pacific Division

Conference Call Participants

Andrew Schmidt - Citi

Andrew Jeffrey - Truist

David Togut - Evercore

Darrin Peller - Wolfe Research

Ken Suchoski - Autonomous Research

Operator

Good day ladies and gentlemen, and thank you for standing by. Welcome to the Euronet's Worldwide Third Quarter 2022 Earnings Call. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Scott Claassen, General Counsel. Sir, please begin.

Scott Claassen

Thank you. Good morning everyone, and welcome to Euronet's quarterly results conference call for our third quarter 2022. 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'll 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 those anticipated in such 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 power point 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 will turn the call over to our CFO, Rick Weller.

Rick Weller

Thank you Scott, and thank you to everyone who is joining us this morning.

I will begin my comments on Slide 5. On a consolidated basis, we produced revenue of $931 million, operating income of $168 million and adjusted EBITDA of $212 million. We delivered adjusted EPS of $2.74, a 55% increase from $1.77 in the third quarter of last year. These strong double-digit improvements in all metrics were driven by double-digit constant-currency growth from all three segments, including a strong rebound in domestic and international cash withdrawal transactions in the EFT segments as the strong demand for travel continued following the lifting of COVID restrictions across the globe.