DLocal Limited

DLO

Equity

ISIN KYG290181018 / Valor 111521501

NASDAQ (2024-12-24)

USD 11.61+0.09%

DLocal Limited
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About company

DLocal Limited is a financial technology company that specializes in enabling cross-border payments for global enterprises, focusing on emerging markets in Africa, Asia, and Latin America. The company provides a comprehensive suite of payment solutions, including both pay-ins and payouts, allowing businesses to offer a seamless and secure payment experience to customers in these regions. DLocal supports over 900 payment methods, catering to the diverse preferences and requirements of consumers in various countries. Founded in Uruguay, DLocal has expanded its operations to over 40 countries, aiming to bridge the payment innovation gap between developed economies and emerging markets. The company's services are trusted by leading global companies across different industries, demonstrating its expertise in navigating the complexities of local payment systems and regulations to facilitate smooth financial transactions.

Summarized from source with an LLMView SourceSector: Finance

Total Payment Volume

DLocal Limited reported a record Total Payment Volume (TPV) of US$5.3 billion for the first quarter of 2024. This represents a 49% increase year-over-year compared to US$3.6 billion in the first quarter of 2023 and a 4% increase quarter-over-quarter from US$5.1 billion in the fourth quarter of 2023.

Revenue

For the first quarter of 2024, DLocal Limited achieved revenues of US$184.4 million. This marks a 34% increase year-over-year from US$137.3 million in the first quarter of 2023, although it represents a 2% decline quarter-over-quarter from US$188.0 million in the fourth quarter of 2023, primarily due to seasonality and renegotiation with a top merchant.

Gross Profit

DLocal Limited's gross profit for the first quarter of 2024 was US$63.0 million, showing a modest 2% increase from US$61.8 million in the first quarter of 2023. However, this was a 10% decrease from US$69.7 million in the fourth quarter of 2023, influenced by seasonality and changes in business mix.

Operating Income

Operating income for DLocal Limited in the first quarter of 2024 was US$26.9 million, down 32% from US$39.4 million in the first quarter of 2023 and down 34% from US$41.0 million in the fourth quarter of 2023. The decline was due to lower gross profit and increased operating expenses as the company continued to invest in growth.

Adjusted EBITDA

DLocal Limited reported an Adjusted EBITDA of US$37 million for the first quarter of 2024, which is a 19% decrease year-over-year and a 25% decrease quarter-over-quarter. The decline in Adjusted EBITDA was attributed to higher operating expenses and lower gross profit during the quarter.

Summarized from source with an LLMView Source

Key figures

-34.6%1Y

-67.4%3Y

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Performance

51.5%1Y

84.0%3Y

84.5%5Y

Volatility