New Street Research - DLOCAL LTD (DLO) DLO US (BUY, TP: $14, +90%) Q2 24: Quick Take - Sequential gross profit improvement a good start

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New Street Research

Soomit Datta

EUR 9617.00 For Business Accounts Only

DLO US (BUY, TP: $14, +90%) Q2 24: Quick Take - Sequential gross profit improvement a good start

After a tough Q1, DLO reported numbers which showed a nice sequential improvement in gross profit (+11%) and came in ahead of our estimates.

14/08/2024 1 EN

Underlying

DLOCAL LTD

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KYG290181018 Uruguay

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

Soomit Datta

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DLO US (BUY, TP: $14, +50%) Q3 24 - Another nice GP beat; upbeat into FY 25

Q3 showed strong sequential gross profit development, coming in ahead of consensus by 6% - with a rising take-rate - and which flowed through to an EBITDA beat of 10%.

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GlobeNewsWire

dLocal Reports 2024 Third Quarter Financial Results

dLocal Reports 2024 Third Quarter Financial Results Third Quarter 2024Robust TPV growth, up 41% YoY and 8% QoQ, driven by strong performance across various verticals and countriesRecord gross profit reaching $78M in the quarter, with net take rate stable at 1.2% since Q1 2024Operating leverage expansion for the 2nd consecutive quarter, with Adjusted EBITDA over gross profit margin reaching 67% in Q3 2024 (+6 p.p. QoQ) dLocal reports in US dollars and in accordance with IFRS as issued by the IASB MONTEVIDEO, Uruguay, Nov. 13, 2024 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”,...

November 13, 2024 November 13, 2024 1 EN

GlobeNewsWire

dLocal to Report Third Quarter 2024 Financial Results

dLocal to Report Third Quarter 2024 Financial Results MONTEVIDEO, Uruguay, Oct. 15, 2024 (GLOBE NEWSWIRE) -- DLocal Limited (NASDAQ: DLO, “dLocal” or the “Company”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, intends to release financial results for its third fiscal quarter ended September 30, 2024 on November 13, 2024 after market close. The Company will host a conference call and video webcast on November 13, 2024 at 6:00 p.m. Eastern Time. Please to pre-register for the conference call and obta...

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DLO US (BUY, TP: $14, +90%) Q2 24: Quick Take - Sequential gross profit improvement a good start

DLO US (BUY, TP: $14, +50%) Q3 24 - Another nice GP beat; upbeat into FY 25

dLocal Reports 2024 Third Quarter Financial Results

dLocal to Report Third Quarter 2024 Financial Results

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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