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Dlocal Ltd (DLO) is a leading cross-border payments platform enabling global enterprises to process transactions in emerging markets. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Access real-time updates on DLO's operational milestones, including new market expansions, payment method integrations, and partnership agreements. Investors will find earnings reports and regulatory filings, while businesses can track API enhancements and compliance initiatives shaping the fintech landscape.
All content is curated to help stakeholders understand DLO's role in simplifying complex payment ecosystems through its unified platform. Bookmark this page for direct access to primary source materials from the company, ensuring you stay informed about developments affecting global e-commerce infrastructure.
dLocal (NASDAQ:DLO) reported its Q2 2024 financial results, showcasing several key metrics. The company achieved a Total Processed Volume (TPV) of $6.0 billion, marking a 38% increase year-over-year and a 14% rise from the previous quarter. Revenue rose 6% year-over-year to $171 million but declined 7% quarter-over-quarter. Gross profit was $70 million, down 1% year-over-year but up 11% from Q1 2024.
Adjusted EBITDA stood at $43 million, an 18% drop year-over-year but a 16% increase quarter-over-quarter. Net income for Q2 2024 was $46.2 million, or $0.15 per diluted share, showing a 3% year-over-year rise and a 161% jump from Q1 2024. The company also announced a share buyback program, acquiring $81.8 million in its own shares in Q2 2024.
Geographical Performance: Latin America contributed 81% of revenue, up 9% year-over-year. Africa & Asia saw a 5% year-over-year revenue decline, impacted by currency devaluations. Despite challenges, dLocal remains optimistic, projecting strong TPV and gross profit growth for the full year.
dLocal (NASDAQ: DLO), a technology-first payments platform for global enterprise merchants in emerging markets, has announced its plans to release financial results for the second quarter of 2024 on August 14, 2024, after market close. The company will host a conference call and video webcast on the same day at 5:00 p.m. Eastern Time to discuss the results. Interested parties can pre-register for the conference call to obtain dial-in details and passcode. Additionally, a live audio webcast will be accessible through the investor relations section of dLocal's website. An archive of the webcast will remain available for one year following the conference call.
dLocal reported its first-quarter 2024 financial results with notable growth in Total Payment Volume (TPV) and revenue. TPV reached a record $5.3 billion, up 49% YoY, driven by strong performance across various verticals. Revenue increased by 34% YoY to $184.4 million but saw a 2% decline QoQ. Gross profit was $63 million, up 2% YoY, but down 10% QoQ due to merchant negotiations and business mix shifts. Adjusted EBITDA fell 19% YoY and 25% QoQ to $37 million.
Geographically, Brazil and Mexico showed significant YoY revenue growth, while Argentina faced challenges. Africa and Asia displayed robust growth, particularly in Egypt. The company added 50 FTEs, mainly in tech and operations. dLocal concluded the quarter with a liquidity position of $320 million. A $200 million share repurchase program was announced, reflecting confidence in long-term prospects. Net income for the quarter was $17.7 million, a 50% drop YoY.
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