reports
- Soomit Datta
- Soomit Datta
dLocal Reports 2024 First Quarter Financial Results
dLocal Reports 2024 First Quarter Financial Results First Quarter 2024US$5.3 billion Total Payment Volume, up 49% year-over-year and 4% quarter-over-quarterRevenue of US$184 million, up 34% year-over-year and down -2% quarter-over-quarter129% Net Revenue Retention RateGross Profit of US$63 million, up 2% year-over-year and down -10% quarter-over-quarterAdjusted EBITDA of US$37 million, down -19% year-over-year and -25% quarter-over-quarter dLocal reports in US dollars and in accordance with IFRS as issued by the IASB MONTEVIDEO, Uruguay, May 14, 2024 (GLOBE NEWSWIRE) -- DLocal Limited (...
dLocal to Report First Quarter 2024 Financial Results
dLocal to Report First Quarter 2024 Financial Results MONTEVIDEO, Uruguay, April 23, 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 first fiscal quarter ended March 31, 2024 on May 14, 2024 after market close. The Company will host a conference call and video webcast on May 14, 2024 at 5:00 p.m. Eastern Time. Please to pre-register for the conference call and obtain your dial ...
- Soomit Datta
DLO US (Buy, TP: $22, +33%) dLocal - CEO Pedro Arnt Call Notes & Repl...
We hosted a call with CEO Pedro Arnt earlier this week. Numbers are resetting after the Q4s, pulling back to within the new guide range, with shifts in settlement and profitability due to FX (Argentina, Egypt) compressing gross margins. We have cut 2024 GP by 12% (6% in 2025) and our target from $24 to $22; Argentina is now just 6% of group gross profit in 2024 (upside optionality at this point).
dLocal and Ebury expand partnership to offer efficient payment solutio...
dLocal and Ebury expand partnership to offer efficient payment solutions in Africa’s largest markets The partnership with dLocal provides Ebury customers with cost-effective, reliable, and diversified payment options LONDON, March 21, 2024 (GLOBE NEWSWIRE) -- , the leading cross-border payment platform specializing in high-growth markets, is proud to announce its strategic partnership with Ebury, a leading global fintech company. The collaboration aims to transform payment solutions, rapidly unlocking opportunities across Africa's largest markets. By leveraging dLocal’s payment solutio...
- Soomit Datta
dLocal Appoints Dr. Verónica Raffo as Independent Board Member
dLocal Appoints Dr. Verónica Raffo as Independent Board Member Distinguished lawyer with deep expertise in corporate governance to join the Board of Directors and uphold highest standards of transparency and accountability for the firm. MONTEVIDEO, Uruguay, March 18, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: DLO), the leading cross-border payment platform specializing in high-growth markets, is pleased to announce the appointment of Dr. Verónica Raffo as an independent board member, effective March 18, 2024. Dr. Raffo will join the esteemed ranks of our Audit Committee, bringing with them a we...
dLocal Appoints Mark Ortiz as New Chief Financial Officer
dLocal Appoints Mark Ortiz as New Chief Financial Officer Former General Electric executive with over three decades of experience to help dLocal with the financial strategy behind the company’s continuing global expansion MONTEVIDEO, Uruguay, March 18, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: DLO), the leading cross-border payment platform specializing in high-growth markets, announced today that Mark Ortiz has been appointed Chief Financial Officer. Ortiz will report directly to dLocal’s CEO, Pedro Arnt, overseeing dLocal's accounting, financial planning and analysis, financial reporting int...
dLocal Reports 2023 Fourth Quarter and Full year Financial Results
dLocal Reports 2023 Fourth Quarter and Full year Financial Results Full Year 2023 resultsUS$17.7 billion Total Payment Volume, up 67% year-over-yearRevenue of US$650 million, up 55% year-over-year150% Net Revenue Retention RateGross Profit of US$277 million, up 37% year-over-yearAdjusted EBITDA of US$202 million, up 32% year-over-year Fourth Quarter 2023US$5.1 billion Total Payment Volume, up 55% year-over-year and 11% quarter-over-quarterRevenue of US$188 million, up 59% year-over-year and 15% quarter-over-quarter149% Net Revenue Retention RateGross Profit of US$70 million, up 27% year-ov...
dLocal to Report Fourth Quarter 2023 Financial Results
dLocal to Report Fourth Quarter 2023 Financial Results MONTEVIDEO, Uruguay, March 07, 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 fourth fiscal quarter ended December 31, 2023 on March 18, 2024 after market close. The Company will host a conference call and video webcast on March 19, 2024 at 8:30 a.m. Eastern Time. Please to pre-register for the conference call and obta...
- Soomit Datta
ADYEN (Neutral, TP: EUR1,250, +12%) DLO US (Buy, TP: $24, +35%) Payme...
Following a rollercoaster 2023 for Adyen we have reviewed our estimates (margins up in the mid-term) and valuation (not so cheap), seeing the stock as supported at these levels but lacking catalysts for the foreseeable future; earnings upgrades could come in 2025/26. By way of comparison we line up an Emerging Market counterpart, dLocal, to compare with Adyen's largely DM model.
- Soomit Datta
DLO US (Neutral, TP: $18, -1%) Q3 Quick Take: Normalised momentum
dLocal reported Q3 numbers which were solid but, as we previously suggested, showed sequential (q/q) momentum slowing quite materially following the very strong Q2s – and confirming the prior period had a significant pull forward of TPV.
dLocal Reports 2023 Third Quarter Financial Results
dLocal Reports 2023 Third Quarter Financial Results Third Quarter 2023US$4.6 billion Total Payment Volume, up 69% year-over-year and 6% quarter-over-quarterRevenue of US$164 million, up 47% year-over-year and 2% quarter-over-quarter141% Net Revenue Retention RateGross Profit of US$75 million, up 38% year-over-year and 5% quarter-over-quarterAdjusted EBITDA of US$56 million, up 34% year-over-year and 7% quarter-over-quarter dLocal reports in US dollars and in accordance with IFRS as issued by the IASB MONTEVIDEO, Uruguay, Nov. 21, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “w...
dLocal to Report Third Quarter 2023 Financial Results
dLocal to Report Third Quarter 2023 Financial Results MONTEVIDEO, Uruguay, Oct. 30, 2023 (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, 2023 on November 21, 2023 after market close. The Company will host a conference call and video webcast on November 22, 2023 at 8:00 a.m. Eastern Time. Please click to pre-register for the conference call an...
- Soomit Datta
DLO US (Neutral, TP: $18.0, -1%) dLocal - Sequential slowdown, Pedro'...
After a very strong set of Q2s, driven largely by volumes in Brazil, Q3 will likely reflect the prior quarter reflecting some pull forward in volumes, and more broadly remind investors that low market share processors can be quite lumpy at the TPV level. Equally of significance, investors will be keen to hear more from new co-CEO Pedro Arnt and gain a sense on the quantum of additional investment.
Statement from dLocal on the Passing of Director Tereza Grossi
Statement from dLocal on the Passing of Director Tereza Grossi MONTEVIDEO, Uruguay, Sept. 22, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal,” the “Company,” “we,” “us,” and “our”) (Nasdaq: DLO), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today with profound sorrow announced the passing of our dear board member, Tereza Grossi, who served with distinction as the Chair of the Audit Committee. Tereza passed away on September 21 in Sao Paulo at the age of 74. Tereza’s contributions to dLocal are i...
dLocal Reports 2023 Second Quarter Financial Results
dLocal Reports 2023 Second Quarter Financial Results Second Quarter 2023US$4.4 billion Total Payment Volume, up 80% year-over-year and 22% quarter-over-quarterRevenue of US$161 million, up 59% year-over-year and 17% quarter-over-quarter148% Net Revenue Retention RateGross Profit of US$71 million, up 43% year-over-year and 14% quarter-over-quarterAdjusted EBITDA of US$52 million, up 36% year-over-year and 14% quarter-over-quarter dLocal reports in US dollars and in accordance with IFRS as issued by the IASB MONTEVIDEO, Uruguay, Aug. 15, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, ...
dLocal Appoints Pedro Arnt as Co-Chief Executive Officer alongside Seb...
dLocal Appoints Pedro Arnt as Co-Chief Executive Officer alongside Sebastián Kanovich MONTEVIDEO, Uruguay, Aug. 15, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal,” the “Company,” “we,” “us,” and “our”) (Nasdaq: DLO), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced that Pedro Arnt has been appointed as co-Chief Executive Officer and member of the Board of Directors of the Company, effective immediately, to serve as co-Chief Executive Officer alongside Sebastián Kanovich. Mr. Arnt has ex...
dLocal to Report Second Quarter 2023 Financial Results
dLocal to Report Second Quarter 2023 Financial Results MONTEVIDEO, Uruguay, July 13, 2023 (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 second fiscal quarter ended June 30, 2023 on August 15, 2023 after market close. The Company will host a conference call and video webcast on August 16, 2023 at 8:00 a.m. Eastern Time. Please to pre-register for the conference call and obtain your...
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