Welcome to our dedicated page for Dlocal news (Ticker: DLO), a resource for investors and traders seeking the latest updates and insights on Dlocal stock.
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 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.
