Dlocal Ltd is a technology company that specializes in providing cross-border payment solutions for businesses operating in emerging markets. By offering a seamless platform that enables merchants to accept and process payments in various local currencies, Dlocal simplifies the complexities associated with international transactions. The company focuses on facilitating payments for e-commerce and online services, enabling businesses to expand their reach and enhance customer experiences. With a strong emphasis on local payment methods and compliance with regional regulations, Dlocal aims to empower global enterprises to tap into the vast potential of underserved markets.
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Top performing mid-cap stocks last week: Bloom Energy (BE), Rocket Lab (RKLB), NET Power (NPWR), Hut 8 (HUT), Paymentus (PAY), DLocal (DLO), IonQ (IONQ)
Third Quarter 2024Robust TPV growth, up 41% YoY and 8% QoQ, driven by strong performance across various verticals and countriesRecord gross profit reaching $78M in the quarter, with net take rate stable at 1.2% since Q1 2024Operating leverage expansion for the 2nd consecutive quarter, with Adjusted EBITDA over gross profit margin reaching 67% in Q3 2024 (+6 p.p. QoQ)
MONTEVIDEO, Uruguay, Oct. 15, 2024 (GLOBE NEWSWIRE) -- DLocal Limited (NASDAQ: DLO, “dLocal” or the “Company”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, intends to release financial results for its third fiscal quarter ended September 30, 2024 on November 13, 2024 after market close.
dLocal strengthens leadership team with the appointment of Carlos Menendez as new COO and ongoing service of Jacobo Singer as Board Member following a transition period
Second Quarter 2024US$6.0 billion Total Processed Volume, up 38% year-over-year and 14% quarter-over-quarterRevenue of US$171 million, up 6% year-over-year and down 7% quarter-over-quarter100% Net Revenue Retention RateGross Profit of US$70 million, down 1% year-over-year and up 11% quarter-over-quarterAdjusted EBITDA of US$43 million, down 18% year-over-year and up 16% quarter-over-quarter