10/28, 2:02 PM (Source: TeleTrader)
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Mastercard's revenue jumps 30% YOY to $5B

Mastercard Inc. announced on Thursday its third-quarter revenue at $5 billion, rising 30% on a yearly basis. The diluted earnings per share (EPS) were reported at $2.44, a 62% increase compared to the same fiscal period in 2020. Net income grew 59% year-on-year and stood at $2.4 billion.

"We saw continued momentum across the business as we delivered strong revenue and earnings growth again this quarter. Our performance was driven by the execution of our strategy, healthy domestic spending and solid growth in cross-border spending which has recently returned to pre-pandemic levels," said CEO Michael Miebach. "We are extending the scale and power of our trusted network through innovations like our new Mastercard Installments program. And, we continue to add to our efforts in cryptocurrency services and open banking through the acquisition of CipherTrace and the planned acquisition of Aiia."

Mastercard's shares added 1.27% in premarket trade after the earnings report.

Breaking the News / DJ