DLocal Limited reports developments for a cross-border payments and financial infrastructure platform that connects global enterprise merchants with emerging-market consumers and local payment cultures. Its One dLocal model uses one API, one platform and one contract to support payment acceptance, payouts and global settlement without multiple local integrations.
Recurring updates include quarterly and annual financial results, total payment volume, revenue, gross profit, adjusted EBITDA, cash generation, dividends, merchant and market expansion, and partnerships using local payment rails. Company news also covers governance changes, board committee structure, secondary offering activity and legal matters tied to securities disclosures.
dLocal (DLO) reported strong Q3 2024 results with Total Payment Volume (TPV) reaching $6.5 billion, up 41% YoY and 8% QoQ. Revenue increased 13% YoY to $185.8 million, while gross profit hit a record $78.2 million. The company maintained a stable net take rate of 1.2% since Q1 2024. Adjusted EBITDA was $52.4 million with margin at 28%. Net income decreased 34% YoY to $26.8 million ($0.09 per share). Performance was driven by strong growth across financial services, SaaS, delivery, advertising, and commerce verticals, with notable expansion in Argentina, Mexico, Egypt, and other markets.
dLocal (NASDAQ: DLO), a technology-first payments platform for global enterprise merchants in emerging markets, has announced its plans to release financial results for the third quarter of 2024 on November 13, 2024 after market close. The company will host a conference call and video webcast on the same day at 6:00 p.m. Eastern Time.
Interested parties can pre-register for the conference call to obtain dial-in numbers and passcodes. Additionally, a live audio webcast will be accessible through the investor relations section of dLocal's website. An archive of the webcast will remain available for one year following the conference call.
dLocal, a leading cross-border payment platform for high-growth markets, has appointed Carlos Menendez as Chief Operating Officer (COO), effective immediately. Jacobo Singer, the current COO and Co-President, will continue in both roles until December 15, 2024, ensuring a smooth transition. After this period, Singer will remain on the Board of Directors.
Menendez brings over 30 years of experience from companies like Mastercard, Citibank, and Procter & Gamble. He holds a bachelor's degree from Harvard and an MBA from Wharton. CEO Pedro Arnt expressed confidence in Menendez's ability to scale the business and develop strategic partnerships. The leadership change aims to drive continuous innovation and enhance dLocal's position in connecting global merchants with emerging market consumers.
dLocal (NASDAQ:DLO) reported its Q2 2024 financial results, showcasing several key metrics. The company achieved a Total Processed Volume (TPV) of $6.0 billion, marking a 38% increase year-over-year and a 14% rise from the previous quarter. Revenue rose 6% year-over-year to $171 million but declined 7% quarter-over-quarter. Gross profit was $70 million, down 1% year-over-year but up 11% from Q1 2024.
Adjusted EBITDA stood at $43 million, an 18% drop year-over-year but a 16% increase quarter-over-quarter. Net income for Q2 2024 was $46.2 million, or $0.15 per diluted share, showing a 3% year-over-year rise and a 161% jump from Q1 2024. The company also announced a share buyback program, acquiring $81.8 million in its own shares in Q2 2024.
Geographical Performance: Latin America contributed 81% of revenue, up 9% year-over-year. Africa & Asia saw a 5% year-over-year revenue decline, impacted by currency devaluations. Despite challenges, dLocal remains optimistic, projecting strong TPV and gross profit growth for the full year.
dLocal (NASDAQ: DLO), a technology-first payments platform for global enterprise merchants in emerging markets, has announced its plans to release financial results for the second quarter of 2024 on August 14, 2024, after market close. The company will host a conference call and video webcast on the same day at 5:00 p.m. Eastern Time to discuss the results. Interested parties can pre-register for the conference call to obtain dial-in details and passcode. Additionally, a live audio webcast will be accessible through the investor relations section of dLocal's website. An archive of the webcast will remain available for one year following the conference call.
dLocal reported its first-quarter 2024 financial results with notable growth in Total Payment Volume (TPV) and revenue. TPV reached a record $5.3 billion, up 49% YoY, driven by strong performance across various verticals. Revenue increased by 34% YoY to $184.4 million but saw a 2% decline QoQ. Gross profit was $63 million, up 2% YoY, but down 10% QoQ due to merchant negotiations and business mix shifts. Adjusted EBITDA fell 19% YoY and 25% QoQ to $37 million.
Geographically, Brazil and Mexico showed significant YoY revenue growth, while Argentina faced challenges. Africa and Asia displayed robust growth, particularly in Egypt. The company added 50 FTEs, mainly in tech and operations. dLocal concluded the quarter with a liquidity position of $320 million. A $200 million share repurchase program was announced, reflecting confidence in long-term prospects. Net income for the quarter was $17.7 million, a 50% drop YoY.
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