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 (Nasdaq: STNE) reported a record revenue of BRL 2.07 billion in Q1 2022, marking a 138.6% year-over-year increase. The company exceeded guidance by 16% and experienced 10x pre-tax earnings growth from the previous quarter. Revenues from Financial Services and Software saw remarkable increases of 107.8% and 955.6% respectively. The total payment volume surged by 63.1%, driven by a significant customer base expansion to 1.9 million users. Stone projects further growth in Q2 with expected revenues between BRL 2.15 billion and BRL 2.2 billion.
StoneCo Ltd. (Nasdaq: STNE) announced a new incentive plan for employees, comprising 19.2 million Restricted Stock Units and Performance Stock Units. Of these, 5.8 million shares are designated as a long-term incentive plan tied to achieving company goals, with vesting periods set for 3 and 5 years based on stock performance. Additionally, 1.7 million shares will serve as annual compensation, while 11.6 million shares are reserved for future compensation decisions. Share-based compensation will affect financial reporting differently for long-term incentives and regular annual compensation.
StoneCo Ltd. (Nasdaq: STNE) reported a remarkable 138.6% year-over-year revenue growth to R$2.07 billion in 1Q22, surpassing guidance. Adjusted Pre-Tax Income soared to R$163 million from R$17 million in 4Q21, with an Adjusted EBT margin of 7.9%. Financial Services revenue grew 107.8%, while software revenue witnessed 955.6% growth year-over-year. Despite a decrease in net income, improvements in profitability and operating efficiency were noted. Segment reporting introduced clarity in Financial Services and Software performance metrics, supporting future strategic growth.
StoneCo Ltd. (Nasdaq: STNE) announced it will submit a technical requirement for a change of control to the Brazilian Central Bank following governance enhancements and the departure of Co-Founder Eduardo Pontes from the Board. His conversion of Class B super-voting shares into Class A shares will lead to a reduction in concentration of voting power, with no single shareholder holding more than 50%. The Company's governance improvements have increased independent board members from 40% to 90% since the IPO, aiming to balance growth with profitability.
StoneCo Ltd. (Nasdaq: STNE) will host a conference call on June 2, 2022, at 5:00 PM ET to discuss its Q1 2022 financial results. A press release detailing these results will be available after the market closes on the same day. Investors can join the call by dialing international access numbers or via a live webcast on Stone’s investor relations website. The company is known for providing financial technology and software solutions that help merchants enhance their commerce operations.
StoneCo Ltd. (Nasdaq: STNE) announced board changes to bolster growth, appointing Mauricio Luchetti and Patricia Verderesi as new independent Directors. Luchetti brings extensive experience in People and Management, while Verderesi has over 30 years in financial markets and risk management. The board now has 10 Directors, with 9 being independent. Mateus Scherer Schwening retires from the Board but assumes the role of VP of Finance. This restructuring aims to enhance governance and oversight as the company continues to evolve in the financial technology landscape.
StoneCo Ltd. (Nasdaq: STNE) announced key changes to its Board of Directors to fuel its next growth phase. The appointments of Conrado Engel and Pedro Zinner as new directors bring valuable experience in financial services and corporate leadership. Engel, previously with Banco Santander and HSBC, will serve as Vice-Chairman, while Zinner, CEO of Eneva, has over 25 years in finance and strategy. The restructuring sees the retirement of three longstanding board members, enhancing the board's composition to include seven independent directors among nine total.
StoneCo Ltd. (Nasdaq: STNE) reported an impressive 87% revenue growth in Q4 2021, totaling R$ 1.9 billion, and doubled its active customer base to 1.8 million. Despite increased financial expenses affecting margins, the company anticipates enhanced profitability in Q1 2022, with revenue projections of R$ 1.9 billion, an increase of 119%. The reorganization into Financial Services and Software segments aims to strengthen cross-selling opportunities. Adjusted earnings before taxes are expected to exceed R$ 140 million.
StoneCo Ltd. (Nasdaq: STNE) has announced new executive management appointments to enhance its operations and strategic focus. Caio Fiuza is appointed COO of the Financial Platform Division, while Gilsinei Hansen takes the role of COO of the Software Division. João Bernartt joins as Chief Information Officer, and Sandro Bassili is now Chief People and Management Officer. Diego Salgado serves as Head of Treasury. The company aims to streamline operations and strengthen management, according to CEO Thiago Piau.
StoneCo Ltd. (STNE) reported a strong financial performance in Q4 2021 with a total revenue growth of 87% year-over-year, reaching R$1.9 billion. The company added a record 378,000 clients, resulting in 1.8 million active clients. Despite the achievements, Stone faced challenges, leading to a 90.6% decline in adjusted net income to R$33.7 million. The MSMB take rate increased from 1.71% in Q4 2021 to 2.02% in January 2022. Stone aims to improve profitability while expanding its banking and software solutions, anticipating a positive outlook for 2022.