MONTEVIDEO, Uruguay, March 18, 2024 (GLOBE NEWSWIRE) -- dLocal (NASDAQ:DLO), the leading cross-border payment platform specializing in high-growth markets, announced today that Mark Ortiz has been appointed Chief Financial Officer. Ortiz will report directly to dLocal's CEO, Pedro Arnt, overseeing dLocal's accounting, financial planning and analysis, financial reporting internal audit, SEC reporting, tax, credit, risk, and treasury functions. Mark's appointment complements the already exceptional leadership ...

Full Year 2023 resultsUS$17.7 billion Total Payment Volume, up 67% year-over-yearRevenue of US$650 million, up 55% year-over-year150% Net Revenue Retention RateGross Profit of US$277 million, up 37% year-over-yearAdjusted EBITDA of US$202 million, up 32% year-over-year Fourth Quarter 2023US$5.1 billion Total Payment Volume, up 55% year-over-year and 11% quarter-over-quarterRevenue of US$188 million, up 59% year-over-year and 15% quarter-over-quarter149% Net Revenue Retention RateGross Profit of US$70 millio ...

After a nearly two-year rally, many well-known big tech stocks have valuations that look stretched, meaning this recent rally could be due for a breather. So, where do savvy investors put their money to work now in search of the next generation of multibagger returns? In my experience, times like these are well-suited for investors who are willing to find under-the-radar growth stocks that have been mostly left behind by the rally. The companies I’m going to discuss in this article fit this profile, and hav ...

A few years ago, it seemed that new initial public offerings (IPOs) and special purpose acquisition companies (SPACs) were coming around almost every week. When markets are hot, companies tend to take advantage and issue their shares to the public. Indeed, more than 1,400 IPOs and SPACs have gone public in the U.S. since 2021 alone.Not surprisingly, many of those offerings were not pristine quality and have fallen on hard times subsequently. But there are some real diamonds in the rough.Given the huge numbe ...

Finding stocks that can make you a millionaire isn't easy, but it is possible. Just look at Super Micro Computer, a recent market-stomper. Just $30,000 invested in it at the start of 2020 would have made you a millionaire by now, and the stock was right under most investors' noses.So what other stocks have that kind of upside that you should be watching? I've got two that make the cut.UiPath and dLocal each serve massive marketsTaking a cue from Supermicro, to find stocks that could make you a millionaire y ...

SOPA Images/LightRocket via Getty Images Business Model DLocal Limited (NASDAQ:DLO) is an online cross-border payment experience in emerging markets. Through one API (Application Programming Interface) one technology platform enables global enterprise merchants to get paid (Pay-In) and to make payments (Pay-Out) online in safety. DLocal operates conversion rates, reduced friction, and enhanced fraud prevention, which enables us to serve nearly 2 billion potential combined internet customers in the countries ...

Sebastian Kanovich - Co-CEO Tito Labarta - Goldman Sachs John Coffey - Barclays Ashwin Shirvaikar - Citi Soledad Nager Before proceeding, let me mention that any forward-looking statements included in the presentation or mentioned in this conference call are based on currently available information and DLocal's current Pedro Arnt We delivered another quarter of solid performance. TPV grew 69% year-on-year, reaching $4.6 billion, supported by our well-diversified merchant and geographic base. Revenue grew 47 ...

Sebastian Kanovich Question-and-Answer Session Hi, good morning. Thank you for the call and taking my questions. Congratulations on the strong results and strong hire from -- Pedro, congratulations on new role. A couple of questions, if I may. Maybe Pedro, if I could start with you, thanks for some of the comments you gave on the opportunities you see in joining DLocal but weÂ've gotten several questions and we'd love to hear from you -- coming from MELI, very well-respected company. Just to understand a li ...

Financial Performance - Total Processed Volume (TPV) reached $44 billion, up 80% year-over-year (YoY) and 22% quarter-over-quarter (QoQ)[20, 21] - Revenue reached $161 million, a 59% YoY increase and a 17% QoQ increase[23] - Gross Profit reached $71 million, up 43% YoY and 14% QoQ[24] - Adjusted EBITDA reached $52 million, a 36% YoY increase and a 14% QoQ increase[25] - Adjusted EBITDA over Gross Profit remained stable at 74%[25, 55] Growth Drivers - Brazil revenue accelerated, doubling YoY, while Mexico grew 77% YoY in Q2 2023[31] - Africa & Asia revenue increased 152% YoY, but was impacted by ~$6 million due to the devaluation in Nigeria[32] Excluding Nigeria, revenues in the region increased by 52% YoY and 15% QoQ[32] - Pay-ins TPV reached $32 billion, representing 73% of total TPV, with a 70% YoY increase and a 27% QoQ increase[45, 46] - Local-to-local TPV reached $22 billion, representing 49% of total TPV, with a 128% YoY increase and a 33% QoQ increase[40] Strategic Initiatives - The company is focused on a 3-fold growth strategy involving geographies, merchants, and products[30] - dLocal developed a white-label scalable seller onboarding platform, split payment solution, and Smart Routing solution for a leading e-commerce platform, resulting in >100x TPV growth from 2Q21 to 2Q23[35, 36] - The company obtained the Payment Institution license from the Central Bank of Brazil, increasing its competitive advantage in the country[37]

Maria Oldham Thank you, Seba. Hi, everyone. During Q1 2023, we significantly grew our business in our top 10 merchants. In Q1 2023, our revenue from our top 10 merchants reached $80 million versus $45 million a year ago. Our top 10 merchant concentration actually increased in Q1 2023 because we delivered very rapid growth among our top 10 in which 2 merchants newly entering the top 10 list. We work extremely closely for our merchants. During Q1 2023, our top 10 margins on average processed payments [indisce ...