Mastercard reports strong Q3 earnings with revenue and profit exceeding expectations

Mastercard reported third-quarter net revenues of $7.37 billion, a 13% increase from last year, surpassing expectations of $7.27 billion. Adjusted earnings per share rose 15% to $3.89, exceeding the forecast of $3.74. Payment network revenue grew 10%, driven by a 17% increase in cross-border transactions. Value-added services revenue rose 18%, reflecting strong demand for cybersecurity and consulting services. Mastercard's CEO noted improved consumer confidence in Europe and ongoing investments in AI capabilities. The company plans to acquire Recorded Future and Minna Technologies to enhance its services.