Welcome to our dedicated page for Stoneco Ltd. news (Ticker: STNE), a resource for investors and traders seeking the latest updates and insights on Stoneco Ltd. stock.
StoneCo Ltd. (NASDAQ: STNE) is a financial technology and software company that focuses on empowering merchants and Brazilian entrepreneurs through payments, banking, credit and software solutions. The news flow around StoneCo often reflects its role in the financial technology ecosystem, its strategic decisions and its communication with investors through regular financial reporting.
On this page, readers can find news items such as quarterly and annual earnings announcements, details on conference calls and webcasts, and updates on strategic actions. StoneCo frequently issues releases about its first, second, third and fourth quarter results, accompanied by earnings releases and presentations that are also furnished to the SEC on Form 6-K. These announcements typically include information about how and when investors can access teleconferences and webcasts.
StoneCo’s news coverage also includes corporate developments and strategic moves. For example, the company has announced significant divestments within its software segment, including agreements to sell Linx and other software assets to TOTVS and the sale of SimplesVet to PetLove. It has also reported leadership changes, such as the planned transition in the Chief Executive Officer role and adjustments to other senior positions, which the company links to continuity, governance and execution of its strategy.
Investors, analysts and merchants interested in StoneCo can use this news page to follow earnings releases, strategic portfolio changes, leadership updates and other material announcements. Returning to this page provides a way to monitor how StoneCo describes its progress in evolving from a pure payments provider into a broader financial services platform for merchants and entrepreneurs.
StoneCo Ltd. (STNE) reported strong Q1 2021 results, driven by a 45% increase in Total Payment Volume (TPV) to R$51.0 billion. The active payments client base grew 67% year-over-year, reaching 857,800. Revenue rose 21.1% to R$867.7 million, with an adjusted net income of R$187.4 million, up 15.5%. However, the take rate decreased to 1.63% due to higher credit provisions. Stone continues to invest in growth, increasing sales, marketing, and technology headcounts to capitalize on anticipated economic recovery in Brazil following the pandemic.
StoneCo Ltd. (STNE) announced a definitive investment agreement with Banco Inter, a major digital bank in Brazil, on May 24, 2021. Stone plans to invest up to R$2.5 billion (approximately US$471 million) for a 4.99% stake in Banco Inter through a Follow-On Public Offering. The investment strengthens their partnership, enabling Stone to leverage Banco Inter's customer base and enhance services. This collaboration aims to create value for both companies through improved merchant connections and seamless payment experiences.
StoneCo Ltd. (NASDAQ: STNE) has authorized a new share repurchase program allowing the buyback of up to US$ 200 million in Class A common shares, superseding the previous program initiated in May 2019. The former program saw the repurchase of 3,595,713 shares at an average of USD 55.40 per share. The new repurchase program has no fixed expiration and will be executed depending on market conditions, liquidity, and other factors. This move reflects the company's commitment to enhancing shareholder value.
StoneCo Ltd. (NASDAQ: STNE) has appointed Pedro Franceschi and Mateus Scherer Schwening to its Board of Directors, effective May 10, 2021. Pedro, Co-Founder & Co-CEO of Brex, is renowned for his entrepreneurial successes in Brazil’s tech landscape, including founding Pagar.me. Mateus has been with Stone since 2015, overseeing Treasury and Strategic Projects. The Board also established two new committees: the Technology Committee and the Related Parties Committee, enhancing governance in technology and transaction oversight.
StoneCo Ltd. (Nasdaq: STNE) will host a conference call on June 1, 2021, at 5:00 PM ET to discuss its Q1 2021 financial results. The results will be released after market close on the same day.
Investors can join the call by dialing (412) 317-6346 or (844) 204-8586 in the U.S. International participants can access the call via country-specific numbers. A live webcast will also be available on Stone's investor relations website.
StoneCo Ltd. (NASDAQ: STNE) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. The report details the company's financial performance and is accessible on both the SEC's and Stone's Investor Relations websites. Shareholders can request copies of the report free of charge. As a leading financial technology provider, Stone offers solutions that enable merchants to conduct commerce efficiently across various channels, supporting their business growth.
StoneCo Ltd. (STNE) announced a conference call to discuss its fourth quarter and fiscal year 2020 financial results on March 11, 2021, at 5:00 PM ET. A press release detailing these financial results will be issued after market closure on the same day. Investors can access the call via phone or live webcast, with replay options available shortly after the call concludes. StoneCo is a key player in financial technology, assisting merchants in seamless commerce across various channels.
StoneCo Ltd. (Nasdaq: STNE) has successfully completed the issuance of R$580 million in FIDC quotas, raising R$493 million in capital for its credit solution aimed at small and medium-sized businesses (SMBs) in Brazil. The issuance includes R$348 million in senior quotas rated brAAA with a yield of CDI + 4% per year, and R$145 million in mezzanine quotas rated brBBB with a CDI + 7% yield. The decision to raise the offer size reflects strong demand, totaling nearly R$1 billion. This strategic move enhances Stone’s position as a comprehensive financial platform for SMBs while managing credit risk exposure.
On November 17, 2020, StoneCo Ltd. (STNE) announced the approval of its business combination with Linx S.A. during the Linx Extraordinary General Meeting. This merger, which integrates Linx's retail management software with Stone's financial technology solutions, now awaits antitrust approval from Brazilian authorities (CADE) and other necessary conditions. Key approvals include the waiver for STNE to list on Novo Mercado and the tender offer waiver for Linx's shares. The deal is seen as beneficial for all stakeholders involved.
StoneCo Ltd. (STNE) has announced an increase in the cash consideration for Linx shareholders in its pending merger with Linx S.A. The cash price per Linx share rises to R$ 33.56, accompanied by 0.0126774 Stone Class A common shares, totaling R$ 38.06, reflecting a 44.6% premium over Linx's 30-day VWAP. This increase is subject to approval during the Linx Extraordinary Shareholders meeting on November 17, 2020. The merger is positioned to enhance value for stakeholders and accelerate Stone's mission in Brazil's commerce sector.
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