Euronet Worldwide, an electronic payments provider, has reported a net loss of $201.8 million, or $4.04 per diluted share, for the fourth quarter of 2008, compared to a net income of $19.6 million, or $0.37 per diluted share, for the fourth quarter of 2007.
Revenues for the fourth quarter of 2008 were $255.7 million, compared to $260.4 million for the fourth quarter of 2007. For the fourth quarter of 2008, operating loss was $198.3 million, compared to operating income of $31.6 million for the fourth quarter of 2007.
Adjusted operating income for the fourth quarter of 2008 improved to $21.8 million from $19.4 million for the same quarter in 2007. For the 2008 fourth quarter, the company’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $35.9 million, compared to $34.5 million for the fourth quarter of 2007.
For the full year of 2008, the company has reported a net loss of $195 million, or $3.97 per diluted share, compared to net income of $53.6 million, or $1.11 per diluted share, for the full year of 2007.
Revenues for the year 2008 increased to $1.05 billion from $902.7 million earned in the year 2007. For the year 2008, operating loss was $149 million, compared to operating income of $76.3 million for 2007.
For the year 2008, adjusted operating income was $74.1 million, compared to $65.8 million for 2007. Adjusted EBITDA for the year 2008 was $139 million, compared to $118.8 million for the year 2007.
