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 Limited (NASDAQ: DLO) is a technology-first payments platform that focuses on data processing, hosting, and related services for online payments in emerging markets. News about dLocal often centers on how its One dLocal platform connects global enterprise merchants with billions of consumers across Latin America, Africa, Asia-Pacific, and the Middle East, enabling local pay-ins, pay-outs, and global settlement through a single API and contract.
Investors and analysts following dLocal’s news can expect regular updates on financial results, including Total Payment Volume (TPV), revenue trends, gross profit, and Adjusted EBITDA metrics reported under IFRS. Quarterly earnings releases provide detail on performance across its Latin American and Non-Latin American segments, as well as commentary on country-level dynamics in markets such as Brazil, Mexico, Argentina, South Africa, Nigeria, and Egypt.
dLocal’s news flow also includes governance and leadership developments, such as the transition to a nine-person, majority independent Board of Directors and the appointment of senior executives like the Chief Financial Officer. These announcements describe how the company is building governance structures, including Nominating & Corporate Governance, Compensation, and Product & Technology committees.
Another important category of news involves capital markets and strategic partnerships. Recent items include secondary offerings of Class A common shares by a selling shareholder under an automatically effective shelf registration statement, as well as a strategic alliance with Western Union to power digital payments and local payment methods for remittances in multiple Latin American countries.
By monitoring this page, readers can follow dLocal’s earnings releases, governance updates, partnership announcements, and transaction-related press releases that shape the company’s role in the global fintech and emerging markets payments landscape.
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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