reports
- Soomit Datta
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”,...
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...
dLocal appoints Carlos Menendez as Chief Operating Officer
dLocal appoints Carlos Menendez as Chief Operating Officer dLocal strengthens leadership team with the appointment of Carlos Menendez as new COO and ongoing service of Jacobo Singer as Board Member following a transition period MONTEVIDEO, Uruguay, Sept. 06, 2024 (GLOBE NEWSWIRE) -- , a leading cross-border payment platform specializing in high-growth markets, announces the appointment of Carlos Menendez as Chief Operating Officer (COO), effective immediately. Jacobo Singer, who currently serves as COO and Co-President, will continue to serve in both roles during a transition period unt...
- Soomit Datta
dLocal Reports 2024 Second Quarter Financial Results
dLocal Reports 2024 Second Quarter Financial Results Second Quarter 2024US$6.0 billion Total Processed Volume, up 38% year-over-year and 14% quarter-over-quarterRevenue of US$171 million, up 6% year-over-year and down 7% quarter-over-quarter100% Net Revenue Retention RateGross Profit of US$70 million, down 1% year-over-year and up 11% quarter-over-quarterAdjusted EBITDA of US$43 million, down 18% year-over-year and up 16% quarter-over-quarter dLocal reports in US dollars and in accordance with IFRS as issued by the IASB. MONTEVIDEO, Uruguay, Aug. 14, 2024 (GL...
dLocal to Report Second Quarter 2024 Financial Results
dLocal to Report Second Quarter 2024 Financial Results MONTEVIDEO, Uruguay, July 22, 2024 (GLOBE NEWSWIRE) -- DLocal Limited (NASDAQ: DLO, “dLocal” or the “Company”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, intends to release financial results for its second fiscal quarter ended June 30, 2024 on August 14, 2024 after market close. The Company will host a conference call and video webcast on August 14, 2024 at 5:00 p.m. Eastern Time. Please to pre-register for the conference call and obtain your...
- Soomit Datta
LatAm Fintech into Q2s: FX, rates and Mexico in focus: MELI/NU/DLO/PAG...
It’s a difficult reporting season for US$ reporters when regional FX slips so much: sell-side is generally slow to update (and often updates the immediate quarter, but not FYs). We see FY 24 needing to come down at NU (Neutral) and MercadoLibre (Neutral). DLO (BUY) is also exposed though a Q2 share price collapse, significant de-rating as well as a better H2 should underpin the stock.
- 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.
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