Stoneco Ltd. Stock Price, News & Analysis

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.

StoneCo Ltd. (Nasdaq: STNE) has announced a conference call to discuss its fourth quarter and fiscal year 2022 financial results, set for March 14, 2023, at 5:00 PM ET. A press release detailing the financial results will be issued after market close on the same day. Participants can join the call via phone or access it through a live webcast on the company's investor relations website. Stone is a prominent provider of financial technology solutions aimed at enhancing merchants' commerce capabilities and driving business growth.

On February 15, 2023, StoneCo Ltd. (Nasdaq: STNE) announced board changes, including the retirement of Roberto Moses Thompson Motta as a director. CEO Thiago Piau will join the board as a director and continue as CEO until Pedro Zinner takes over in March 2023. StoneCo is a leading provider of financial services and software solutions in Brazil, aimed at empowering merchants in their commerce endeavors. The announcement highlights a transition in leadership, which may impact the company's future direction and operational strategies.

StoneCo Ltd. (Nasdaq: STNE) has completed the sale of 16.8 million shares of Banco Inter, fully divesting its stake valued at R$218 million, with shares sold at R$12.96 each. This decision aligns with Stone's strategy to concentrate on its core operations in Financial Services and Software. Previously, in Q2 2022, Stone executed a partial sale of 21.5% of its Banco Inter shares during the company's corporate restructuring. This strategic move emphasizes StoneCo's commitment to enhancing its primary business focus and optimizing its investment portfolio.

StoneCo Ltd. (Nasdaq: STNE) announced that the Brazilian Central Bank has approved its change of control amid a corporate restructuring. This restructure will result in founding shareholders having collectively and individually less than 50% of the voting power. The company aims to enhance its governance structure while continuing to provide financial technology solutions that empower merchants across multiple channels.

StoneCo Ltd. (Nasdaq: STNE) reported strong financial results for 3Q22, with adjusted EBT reaching R$ 211 million, a 97% increase from 2Q22 and 69% above guidance. The company saw net revenue grow by 71% year-over-year to R$ 2.5 billion, driven by an 84.1% increase in Financial Services and a client base expansion to 2.4 million. The banking business also showed robust growth, with TPV up 24.5% year-on-year. A leadership transition is underway, with Pedro Zinner replacing Thiago Piau, who remains on the Board to support future growth initiatives.