(Oct 30): Mastercard Inc reported third-quarter earnings that beat analysts’ estimates as consumer and corporate spending remained robust.
Adjusted net income for the three-month period was US$4 billion, or US$4.38 per share. That topped the US$3.91 billion, or US$4.31 per share, estimated by Wall Street analysts.
The earnings performance was “driven by healthy consumer and business spending and continued robust performance of our differentiated services,” chief executive officer Michael Miebach said in a statement Thursday.
The firm still anticipates net revenue for 2025 will grow by a percentage in the “high end of mid-teens,” the same prediction the company gave in July, according to a presentation on Mastercard’s website.
Net revenue was US$8.6 billion for the third quarter, also beating analyst estimates.
Mastercard’s payment-network rival, Visa Inc, also reported a strong quarter earlier this week, similarly highlighting spending resilience.
See also: YouTube to use AI to sharpen millions of lower-resolution videos
Mastercard is in advanced talks to buy the crypto-infrastructure start-up Zero Hash for as much as US$2 billion, Fortune reported Wednesday.
Uploaded by Magessan Varatharaja
