2012 Results Put First Data In The Red

What's Next In Payments®
1:21 PM EDT January 29th, 2013

First Data reported its financial results for Q4 and full year results for 2012. Consolidated revenue for the fourth quarter was $2.8billion, up $69 million, or 3%, compared to a year ago, primarily driven by a $55 million increase in debit network fees. Adjusted revenue, which excludes certain items including debit network fees, increased $18 million, or 1%, year-over-year to $1.8 billion. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) was $656 million, essentially flat compared to $655 million in the fourth quarter of 2011.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Mobile Commerce
800 Million iTunes Accounts … And Then What?
Company Spotlight
Court Dismisses 3 Card Issuers From Decade-Old Arbitration Case
Mobile Commerce
Massachusetts Bill Would Require Added ATM Security Measures
Europe
Digital River SMB Solution Expands to U.K.
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
Has e-Procurement Peaked?
Company Spotlight
The Mobile Commerce Roadmap: MasterCard Takes Initiative
Mobile Commerce
800 Million iTunes Accounts … And Then What?
Company Spotlight
Court Dismisses 3 Card Issuers From Decade-Old Arbitration Case
View All Articles ››