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Soomit Datta
  • Soomit Datta

LatAm Telcos – TIM/Vivo to Neutral; Wireless MVNO threats - NuCel / Br...

As well as a broader regional recap, we focus on wireless MVNO threats: NuCel in Brazil, recapping also the experience of AMX in Mexico with Bait (Walmart).

Soomit Datta
  • Soomit Datta

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

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%.

 PRESS RELEASE

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”,...

Soomit Datta
  • Soomit Datta

STNE US (Neutral, TP: R$15, +40%) Q3 24 - Promising pricing; PIX and r...

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.

Soomit Datta
  • Soomit Datta

VIVT3 (Buy, TP: R$61, +15%) TIMS3 (Buy, TP: R$23, +43%) AMX (Buy, TP: ...

Rounding off the reporting season, Vivo reported solid Q3s results with a 3% beat at EBITDA and the best postpaid net adds in Brazil this quarter.

Filipe Botelho ... (+3)
  • Filipe Botelho
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: GOL, Gerdau, Geopark, CSN, MercadoLibre, SierraCol, Pampa Energia, Cencosud, Minerva, LATAM Airlines, C&W Communications, YPF Luz, Iochpe-Maxion, Aegea, Braskem, Eletrobras

Matthew Weiss ... (+3)
  • Matthew Weiss
  • Michael Gerbino
  • Scott Devitt
Soomit Datta
  • Soomit Datta

MELI US (Neutral, TP: $2,000, -5%) MercadoLibre Credit cards drive big...

Top line trends were in-line/slightly ahead, with only a very slight slowdown in local FX GMV. However, there was a miss at both the gross profit level (2.5%) and, to an even greater extent, at operating income (25%, 19% ex-one-off) and net income (18%).

 PRESS RELEASE

Mercado Libre delivers solid Q3 results posting revenue of $5.3B drive...

Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses Third Quarter 2024 Financial Results Montevideo, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses Investments in customer experience, technology and logistics increase sales and engagement across Latin America; In Commerce, unique buyers climbed 21% year-on-year, to nearly 61 million, while GMV reached $12.9 billion, rising 14% in dolla...

 PRESS RELEASE

MercadoLibre, Inc. Reports Third Quarter 2024 Financial Results

MercadoLibre, Inc. Reports Third Quarter 2024 Financial Results Montevideo, Nov. 06, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) () today reported financial results for the quarter ended September 30, 2024, in a Letter to Shareholders, which is now posted to the company’s Investor Relations website . The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on November 6, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the m...

Josseline Jenssen ... (+2)
  • Josseline Jenssen
  • Lorena Reich

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Gran Tierra Energy, Buenaventura, MercadoLibre, BRF, AES Andes, Azul, Nexa

 PRESS RELEASE

MercadoLibre Inc., to Report Third Quarter 2024 Financial Results

MercadoLibre Inc., to Report Third Quarter 2024 Financial Results Montevideo, Oct. 30, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) () announces that it intends to release financial results for its third fiscal quarter ending September 30, 2024, on November 6, 2024.  The Company will host its earnings results video conference, as well as a conference call and audio webcast, on November 6, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at to attend the live...

 PRESS RELEASE

Mercado Libre | New Podcast Episode Sheds Light on Ambitious Growth Pl...

Mercado Libre | New Podcast Episode Sheds Light on Ambitious Growth Plans and Strategic Focus Across Latin America Montevideo, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, launches the latest episode of its podcast series, IR Interviews, “Strategy and Growth Opportunities with Leandro Cuccioli”, Mercado Libre’s  Senior VP of CorpDev, Strategy, Sustainability and IR. IR Interviews is a unique space for investors to access the company executives’ strategic views. Hosted by Investor Relations Officer Richa...

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