Stoneco Ltd. Stock Price, News & Analysis

StoneCo (STNE) announces the appointment of Luiz André Barroso to its Board of Directors as of April 6, 2023. Barroso, a former VP at Google, will guide the company's technological strategies to enhance its market differentiation. This move aims to solidify Stone's identity as a major tech player while maintaining its startup agility. Following its IPO in 2018 and the acquisition of Linx in 2021, Stone continues to integrate software and financial services to boost its value proposition for clients. The company has also made significant technological hires, including Marcus Fontoura as CTO and João Bernartt as CIO, to streamline operations and support growth.

StoneCo Ltd. (Nasdaq: STNE) has announced board changes, effective immediately, to support its growth strategy. Pedro Franceschi has resigned, and Luiz André Barroso, a Google Fellow with over 30 years of technology experience, has been appointed as a new board member. Barroso will contribute to Stone's technological direction and innovation efforts. The board now comprises eight members, six of whom are independent. The company emphasizes its commitment to advancing its financial tech and software solutions for merchants.

On April 3, 2023, StoneCo Ltd. (Nasdaq: STNE) announced a leadership transition with Pedro Zinner appointed as the new CEO, effective March 31, 2023. Former CEO Thiago Piau will now serve on the Board of Directors and on the Finance and Risk Committee, a change noted in earlier announcements. StoneCo continues to focus on providing financial technology and software solutions that enable merchants to conduct commerce efficiently across various channels.

StoneCo Ltd. (NASDAQ: STNE) reported a remarkable performance in its 4Q22 and 2022 financial results. Total revenue in 4Q22 reached R$ 2.7 billion, a 44.5% year-over-year increase, while adjusted net income soared by 520% to R$ 525.5 million. The company's MSMB client base expanded by 48.3% to 2.5 million active clients, and total payment volume (TPV) hit R$ 100 billion. In 1Q23, Stone anticipates total revenue exceeding R$ 2.6 billion, showcasing a projected 25.6% growth year-over-year. The leadership transition is set with Thiago Piau stepping down as CEO on March 31.

StoneCo Ltd. (Nasdaq: STNE) reported strong 4Q22 results, with revenue of R$2.7 billion, a 44.5% increase year-over-year, surpassing guidance. Adjusted EBITDA rose 85.8% to R$1.3 billion, while adjusted net income reached R$234.8 million, up 44.4% from the previous quarter. Financial services revenue, driven by MSMB segment growth, increased 49.3% year-over-year. The company also demonstrated robust cash flow and improved margins, positioning itself well for future growth. CEO Thiago Piau transitioned to the board, handing over leadership to Pedro Zinner, emphasizing a strong foundation for ongoing value creation.