10/29/2019, 1:19 PM (Source: TeleTrader)
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Mastercard's net revenue at $4.5B in Q3, up 15% YoY

Mastercard Inc. announced on Tuesday that its net revenue in the third quarter rose 15% compared to the same period a year ago, reaching $4.5 billion.

Net income amounted to $2.1 billion in the three months ending with September, marking an increase of 11% from the same trimester last year, while operating income climbed 16% year-on-year to reach $2.7 billion.

The company stated that its diluted earnings per share stood at $2.07 in the third quarter, representing a gain of 14% on an annual basis.

Mastercard's president and CEO Ajay Banga said: "We have recently expanded several key customer relationships, announced our Mastercard Track suite of B2B solutions and launched the faster, more secure click-to-pay online checkout experience. In addition, we are looking forward to enhancing our multi-rail reach and capabilities through the planned acquisition of Nets’ real-time payment and billing solutions"

Breaking the News / MS