New Street Research - PagSeguro Digital Ltd (PAGS) PagSeguro (Buy) Q4s - Better costs (Pagbank/Fin expenses) offset weaker take rate

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New Street Research

Soomit Datta

EUR 8822.00 For Business Accounts Only

PagSeguro (Buy) Q4s - Better costs (Pagbank/Fin expenses) offset weaker take rate

PagSeguro reported Q4s after close. Numbers missed slightly (1%) at revenue (low end of the guide) on lower take rate but more than made up for it with lower costs, meaning net income came in 4% ahead on a non-GAAP basis (more adjusting for POS write downs).

03/03/2023 1 EN

Underlying

PagSeguro Digital Ltd

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KYG687071012 New York Stock Exchange Cayman Islands

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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.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Soomit Datta

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PagSeguro (Buy) Q4s - Better costs (Pagbank/Fin expenses) offset weaker take rate

Vermilion Booster Shots: Attractive bottom-fishing stocks

Vital Signs: Actionable charts

PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller than expected) raise

T-Mobile: Quick thoughts following the 1Q25 call

Comcast Post-1Q25 Model Update

CMCSA: Quick thoughts following the call 1Q25

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