DLO Stock Recent News

MONTEVIDEO, Uruguay, July 22, 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 second fiscal quarter ended June 30, 2024 on August 14, 2024 after market close.

This South American company is still profitable and growing fast.

DLocal had to renegotiate with one of its top customers -- a troubling sign that shareholders hope doesn't become a trend. Management is buying back stock to communicate its confidence in the viability of its business.

Short-term pain for long-term gains.

Payments platform DLocal turned in quarterly earnings and sales below analysts' expectations.

DLocal Limited (NASDAQ:DLO ) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Soledad Nager - Head, Investors Relations Pedro Arnt - Chief Executive Officer Mark Ortiz - Chief Financial Officer Maria Oldham - SVP of Corporate Development, Investor Relations and Strategic Finance Conference Call Participants Jorge Kuri - Morgan Stanley Tito Labarta - Goldman Sachs Melissa Chen - BofA Jamie Friedman - Susquehanna International Group Neha Agarwala - HSBC John Coffey - Barclays Matt Coad with - Autonomous Research Kaio Da Prato - UBS Operator Good day, and thank you for standing by. Welcome to the DLocal First Quarter 2024 Results Conference Call.

DLocal (DLO) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.11 per share a year ago.

First Quarter 2024 US$5.3 billion Total Payment Volume, up 49% year-over-year and 4% quarter-over-quarter Revenue of US$184 million, up 34% year-over-year and down -2% quarter-over-quarter 129% Net Revenue Retention Rate Gross Profit of US$63 million, up 2% year-over-year and down -10% quarter-over-quarter Adjusted EBITDA of US$37 million, down -19% year-over-year and -25% quarter-over-quarter

MONTEVIDEO, Uruguay, April 23, 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 first fiscal quarter ended March 31, 2024 on May 14, 2024 after market close.

The past couple of years have been an uphill battle for fintech stocks. Despite strong underlying business performance, most names in the space have lagged the broader market's recovery.