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 (STNE) provides integrated fintech solutions empowering micro, small, and medium businesses through digital payments, banking, and cloud-based software. This page aggregates official announcements, financial updates, and strategic developments directly from the company and verified sources.
Access real-time updates on earnings reports, product innovations, and market expansions. Investors gain insights into STNE’s performance in Brazil’s fintech sector, while businesses discover tools to optimize operations. Content includes quarterly results, partnership announcements, and technology enhancements critical for informed decision-making.
Bookmark this page for streamlined access to STNE’s evolving ecosystem. Check regularly for authoritative updates on payment solutions, software integrations, and regulatory developments shaping the digital commerce landscape.
StoneCo (Nasdaq: STNE) reported a strong first quarter for 2024, with adjusted net income reaching R$450 million, marking a 90% increase year-over-year. The company achieved a total revenue of R$3.1 billion, up 14% from the same period last year. Adjusted EBT rose by 75% to R$568 million, with an 18.4% margin. Financial services revenue grew by 16% to R$2.7 billion, supported by a 24% increase in Total Payment Volume (TPV) for SMEs. The SME customer base expanded by 33%, now totaling 3.7 million active clients. Additionally, the banking platform saw a 53% rise in deposits, reaching R$6 billion. On the software front, revenue increased by 3%, with Adjusted EBITDA climbing to R$66 million. CEO Pedro Zinner highlighted the company's strategic growth and robust profitability.
StoneCo (Nasdaq: STNE) reported strong financial results for Q1 2024, with Adjusted EBT reaching R$568 million, marking a 75% year-over-year increase. Adjusted net income rose by 90% to R$450 million. Total revenue and income grew 13.8% year-over-year to R$3,084.9 million, driven by a 16% rise in financial services revenues. The company's MSMB segment showed significant growth, with a 23.8% year-over-year increase in TPV. StoneCo's banking and credit solutions also performed well, with the active banking client base increasing by 13.5% quarter over quarter. However, there were some sequential declines in metrics such as TPV and EBITDA due to seasonal factors. Overall, the company remains confident in achieving its 2024 and 2027 guidance targets.
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