NCR Atleos Profit Rises as Quarterly Revenue Slips 2%

NCR Atleos reported third-quarter net income of $97 million, up from $26 million a year earlier, despite a 2% revenue decline to $1.1 billion, according to Vending Times. The Atlanta-based ATM technology and services company said recurring sources accounted for 71% of revenue. Self-service banking revenue fell 2% to $731 million as weaker hardware sales partly offset growth in software and services. Adjusted EBITDA for that segment rose 7%, supported by ATM outsourcing, software and efficiency improvements. Network revenue declined 2% to $322 million, which the company attributed to reduced cryptocurrency transaction demand. Companywide adjusted EBITDA rose 10% to $241 million. Atleos said its pending combination with Brink's is expected to close in early January 2027, with regulatory reviews and integration preparations progressing. Because of the transaction, the company will forgo a quarterly earnings call and financial outlook. The self-service banking segment competes for the same unattended retail real estate, payment rails and service networks that vending and micro market operators rely on. Atleos's mix shift toward software and services, with hardware softer, mirrors a pattern operators know well: recurring software and service revenue holds up better than one-time equipment sales when capital spending tightens. The pending Brink's combination would also consolidate two large cash-handling and unattended-service networks. Source: Vending Times — https://www.vendingtimes.com/news/ncr-atleos-profit-rises-as-quarterly-revenue-slips-2/