Stone: growth with profitability reaching R$ 322 million adjusted net income in 2Q23
- None.
- None.
- The Company reported a
R net revenue,$ 3 billion 28% higher than 2Q22; - Adjusted EBT grew
489% compared to 2Q22 totalingR ;$ 447 million - TPV of Micro, Small, and Medium size Businesses (MSMB) had a
19.3% annual increase, 3.7 times above the industry's;
SÃO PAULO, Aug. 16, 2023 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) maintained its growth trajectory, with results consistently above market projections in 2Q23. Adjusted EBT was
Adjusted net income was
The result was driven by strong performance in the MSMB segment, whose active base increased
The banking platform maintained consistent growth, reaching almost 1.7 million customers - a
"The second quarter results achieved reflect our focus and continued dedication to sustainable growth, excellence in financial services and software, and evolving our platform for serving Brazilian entrepreneurs. Over the long term, our goal is to build an end-to-end solution for our customers, and our software business is an integral part of this strategic vision. We have a lot of work ahead of us, but we are heading in the right direction. StoneCo's commitment to innovation and transparency drives us to face challenges and pursue opportunities with confidence. We will continue to walk the path of success, offering our customers and partners increasingly robust and sustainable solutions", says CEO, Pedro Zinner.
3Q23 Outlook:
- Total Revenue above
R , annual growth above$ 3.07 5 billion22.6% . - MSME TPV between
R and$ 87 R , annual growth between$ 88 billion 16.4% and17.8% . - Adjusted EBT above
R .$ 470 million
About Stone. A Financial technology company with a platform of complete solutions, whose purpose is to improve the life of Brazilian entrepreneurs, helping them to sell more, manage their business better, and always grow. Through technology and innovation, it contributes to strengthening and evolving the market. With customers spread across
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SOURCE Stone
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