Report
Soomit Datta
EUR 9416.00 For Business Accounts Only

STNE US (Neutral, TP: R$15, +40%) Q3 24 - Promising pricing; PIX and real-time update in Brazil

StoneCo reported Q3s after close. Underlying TPV growth on MSMB including PIX remained at a healthy 20% y/y, slowing a touch from 25% in Q2, whilst profitability was good with numbers coming in ahead at PBT (6%) – supported partly by unwinding of credit provisions.
Underlying
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New Street Research
New Street Research

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Soomit Datta

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