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, B3: STOC31) is a leading provider of financial technology solutions, focusing on empowering micro, small, and medium-sized businesses (MSMBs) with innovative tools to manage and grow their operations. The company’s comprehensive offerings include payments, digital banking, and credit solutions, tailored to meet the unique needs of MSMBs.
StoneCo operates through two main segments:
- Financial Services: This segment provides a variety of solutions, including payments, digital banking, and credit services. It is designed to serve micro-merchants with the Ton solution and SMBs with the Stone solution, ensuring seamless financial transactions and robust credit options.
- Software: This segment offers essential software services such as point-of-sale (POS) and enterprise resource planning (ERP) solutions. It also provides customer relationship management (CRM), engagement tools, e-commerce platforms, and order management systems among others, catering to diverse retail and service verticals.
StoneCo’s unique business model integrates end-to-end, cloud-based technology platforms with a hyper-local distribution approach and exceptional customer service. This strategic combination allows the company to deliver high-quality, on-demand support and integrate deeply with local markets.
The company has recently reported significant financial growth, with a year-over-year revenue increase of 20.1% in Q4 2023, reaching R$3.2 billion. This growth is largely driven by the expansion in financial services, which saw a 24.4% increase, and the substantial rise in deposits within its banking platform. StoneCo’s strategic initiatives and effective risk management have bolstered its credit solutions, reflecting in its robust financial performance.
StoneCo continues to advance its technological capabilities, focusing on integrating its software solutions across key verticals such as retail, food, gas stations, and pharmacies. The company’s strategic vision aims at building a comprehensive technological platform that synergizes payments, banking, credit, and software.
Leadership changes are also on the horizon, with founder André Street stepping down from the Board of Directors alongside other key members. This transition marks a significant phase in StoneCo’s governance, with new leadership poised to continue driving the company’s strategic goals.
StoneCo has announced a new share repurchase program of up to R$ 2 billion in outstanding Class A common shares, replacing the previous program from November 2023. Under the former program, Stone repurchased 13,202,939 shares at an average price of US$ 13.52 per share, totaling US$ 178.3 million. The new program has no fixed expiration date and will be executed through open market transactions, block trades, and privately negotiated transactions, subject to market conditions and other factors.
StoneCo (NASDAQ: STNE) reported its financial results for the third quarter ended September 30, 2024. The earnings release is available on the company's Investor Relations website. Stone will discuss the results during a teleconference on November 12, 2024, at 5:00 PM ET / 7:00 PM BRT. The conference call can be accessed live via Zoom webinar or by phone from the U.S., Brazil, and the UK. A live webcast and replay of the call will be available on Stone's investor relations website.
StoneCo (Nasdaq: STNE, B3: STOC31) has announced the release date for its third quarter 2024 financial results. The company will publish its results on Tuesday, November 12th, 2024, after market close. A conference call to discuss the results is scheduled for the same day at 5:00pm ET (7:00pm BRT).
The call will be accessible via Zoom webinar (ID: 851 7712 3588 | Password: 819157) and phone. U.S. callers can dial +1 646 931 3860 or +1 669 444 9171, Brazilian callers +55 21 3958 7888, and UK callers +44 330 088 5830. A live webcast and replay will be available on Stone's investor relations website at https://investors.stone.co/.
StoneCo will enter its Quiet Period for the Q3 2024 financial results on October 23rd, 2024.
StoneCo (Nasdaq: STNE; B3: STOC31) has announced an additional board change to support its next growth stage. The company's Board has appointed Antonio Silveira as a new Board Member, effective immediately. Mr. Silveira is currently the Chief Technology Officer (CTO) at Attentive, a leader in AI-powered mobile marketing solutions.
With over 15 years of experience in technology, Mr. Silveira has led organizations through significant expansion, developed innovative vertical products, and overseen the modernization of technology infrastructures. In his role as a Board Member, he will support the guidelines for technology to further distinguish Stone in the market and drive innovation within the company.
StoneCo (Nasdaq: STNE, B3: STOC31) reported strong Q2 2024 results, with adjusted net income of R$ 497 million, up 54% year-over-year. Total revenue reached R$ 3.2 billion, an 8% increase from the previous year. The company's financial services segment saw an 11% revenue growth to R$ 2.8 billion, with Total Payment Volume (TPV) from SMEs growing 25% year-over-year. The SME client base expanded by 30% to 3.9 million active payment clients. Stone's banking platform experienced significant growth, with a 62% increase in client base to 2.7 million and a 65% rise in deposits to R$ 6.5 billion. The credit portfolio grew 32% quarter-over-quarter to R$ 712 million. The software segment's revenue remained stable at R$ 384 million. Stone's CEO, Pedro Zinner, highlighted the company's progress in building a comprehensive ecosystem for Brazilian SMEs and the execution of a R$ 1 billion share buyback program.
StoneCo (Nasdaq: STNE) reported its Q2 2024 financial results, showcasing strong performance across key metrics. Key highlights include:
Total Revenue and Income: R$3,205.9 million, up 8.5% YoY. Adjusted EBITDA: R$1,587.2 million, increasing 5.9% YoY with a 49.5% margin. Adjusted EBT: R$652.2 million, up 45.9% YoY. Adjusted Net Income: R$497.1 million, growing 54.4% YoY. MSMB Card TPV: R$97.8 billion, up 17.4% YoY. Active Banking Clients: 2.7 million with R$6.5 billion in deposits. Share Repurchase: Repurchased 9.67 million shares for R$724 million in 3Q24. Additionally, the company allocated $295 million for a tender offer of its 2028 bonds, achieving nearly 60% participation. Despite market headwinds, StoneCo remains confident in meeting its 2024 guidance.StoneCo (Nasdaq: STNE, B3: STOC31) announced the expiration and final results of its tender offer and consent solicitation for its 3.950% senior notes due 2028. The offer expired at 5:00 p.m. on July 30, 2024.
Based on data from D.F. King & Co., Inc., 58.91% of the principal amount, equating to $294.56 million, was tendered. The final settlement date is anticipated to be around July 31, 2024. Holders who tendered their notes by the early deadline will receive the total consideration including early tender consideration, while others will receive just the tender offer consideration. All accepted tenders will also receive accrued interest.
The company also solicited and received the requisite consents for proposed amendments to the indenture governing the notes, eliminating restrictive covenants and allowing the company to substitute itself as principal debtor. The amendments will become operative upon payment on the settlement date.
StoneCo (Nasdaq: STNE; B3: STOC31) has released its 2023 Sustainability Report. The report adheres to indicators from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). In a significant step forward, StoneCo has begun reporting climate information in line with recommendations from the Task Force on Climate Related Financial Disclosures (TCFD).
This comprehensive report demonstrates StoneCo's commitment to transparency and sustainable business practices. By aligning with globally recognized standards, the company provides stakeholders with valuable insights into its environmental, social, and governance (ESG) performance. The inclusion of TCFD-aligned climate information further enhances the report's relevance in addressing growing concerns about climate-related risks and opportunities in the financial sector.
StoneCo (Nasdaq: STNE, B3: STOC31) has announced that it will release its second quarter 2024 financial results on August 14th, 2024, after market close. The company will host a conference call to discuss these results at 5:00pm ET (6:00pm BRT) on the same day.
Investors can access the conference call via Zoom webinar or by phone from various countries. A live webcast and replay will be available on Stone's investor relations website. The company will enter its Quiet Period related to Q2 2024 financial results on July 24th, 2024.
StoneCo (Nasdaq: STNE) announced the results of its Early Tender Deadline for its 3.950% Senior Notes due 2028. 58.91% of the outstanding $500 million principal amount ($294,558,000) was tendered by the July 15, 2024 deadline. The Tender Offer and Consent Solicitation will expire on July 30, 2024. Holders who tendered by the Early Tender Deadline are eligible for the Total Consideration, including the Early Tender Consideration.
The company received the Requisite Consents to amend the indenture, eliminating most restrictive covenants and allowing for debtor substitution. Payment for all accepted Notes is expected around July 31, 2024. The company will pay a $2.50 soliciting broker fee per $1,000 principal amount for retail brokers with clients tendering $250,000 or less.
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