Strong Financial Performance
NCR Atleos delivered $1.1 billion of revenue, over $200 million of adjusted EBITDA, and $0.89 of adjusted EPS in Q3. Free cash flow for the first 9 months of 2024 was over $120 million.
Growth in ATM as a Service
ATM as a Service revenue grew 23% year-over-year in Q3, reaching an annual run rate of about $200 million. There was a 46% increase in live customer count and expansion into 10 new markets.
Successful Debt Refinancing
In October, NCR Atleos refinanced and reworked its credit facilities at lower rates and better availability, leading to expected annual interest savings of approximately $17 million.
Network Segment Expansion
The Network segment saw a 14% year-over-year increase in Allpoint transactions and a 200% growth in deposit volumes, indicating strong performance and strategic expansion.