Stoneco Ltd. Stock Price, News & Analysis

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.

StoneCo Ltd. (Nasdaq: STNE) reported strong financial results for Q3 2022, with a revenue of R$2,508 million, up 71% year-over-year and exceeding guidance. Adjusted EBT rose significantly by 97% quarter-over-quarter to R$211 million, with an adjusted EBT margin of 8.4%. The company saw a net addition of 248,000 MSMB clients, contributing to a total client base of 2.4 million. Financial services revenue grew by 84%, driven by strong MSMB performance. Cost efficiencies and successful pricing strategies positively impacted profitability, with expectations for continued margin growth in Q4.

StoneCo Ltd. (STNE) announced a conference call scheduled for November 17, 2022, at 5:00 PM ET to discuss its third quarter 2022 financial results. A press release with the financial results will be issued after markets close that day. The conference call can be accessed via phone or live webcast. Investors are encouraged to join the call to gain insights into Stone's financial performance and business growth strategies.

StoneCo Ltd. (Nasdaq: STNE) announced a leadership transition on Nov. 3, 2022. CEO Thiago Piau will shift to a Board member role, focusing on strategic initiatives. Pedro Zinner, a current Board member and former CEO of Eneva, will succeed Piau as CEO by March 31, 2023. Under Piau's leadership, annualized revenue surged over 12x to R$9.2 billion, expanding the client base from 103,000 to over 2 million. Zinner brings over 25 years of experience in management, risk, and finance, aiming to enhance support for Brazilian merchants and drive growth.

On November 3, 2022, StoneCo Ltd. (STNE) announced a leadership transition where CEO Thiago Piau will become a Board member, focusing on strategic initiatives. Pedro Zinner, a current Board member, will succeed Piau as CEO, effective no later than March 31, 2023, following a transition period. Under Piau's leadership, Stone's revenue surged over 12x to R$9.2 billion in Q2 2022 and expanded its client base significantly. Zinner, previously CEO of Eneva, brings over 25 years of management experience and aims to enhance support for Brazilian merchants and increase shareholder value.

StoneCo Ltd. (Nasdaq: STNE) reported impressive 2Q22 results with net revenues of R$ 2.3 billion, exceeding guidance by 5%. This growth was fueled by a 101.5% YoY increase in Financial Services revenue, totaling R$ 1.9 billion, and a 23% rise in Software revenues. Adjusted net income surged to R$ 76 million, a 48% increase from the previous quarter. The total payment volume (TPV) grew 50% YoY to R$ 91 billion, while the active customer base expanded 94% YoY to over 2 million. Looking ahead, Stone expects revenue to exceed R$ 2.4 billion in 3Q22.