NEW YORK--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the backbone for connected commerce, announced today that VTEX customers reached a GMV of US$1.0 billion over Black Friday-Cyber Monday week1. Compared to 2024, orders increased 10.2% and GMV grew 8.1% in FX-neutral and 18.2% in USD, reflecting the positive impact of foreign exchange dynamics. This year, across the 43 countries where VTEX operates, the top-performing verticals were Apparel & Accessories, Beauty & Health, and Home, Furniture. ...

Financial Data and Key Metrics Changes - In Q3 2025, non-GAAP net income reached $10.6 million, reflecting a 41% year-over-year growth [22][20] - Non-GAAP subscription gross margins exceeded 80% for the first time, with a non-GAAP operating margin of 16%, an improvement of 230 basis points year over year [20][22] - Total gross margin, including services, reached 77.5%, an expansion of 270 basis points year over year [21] Business Line Data and Key Metrics Changes - Subscription revenue increased to $58.4 million, up 8% in U.S. dollars and 7% in FX neutral compared to Q3 2024 [20] - B2B commerce is emerging as a significant growth driver, with new U.S. deals showing a roughly equal split between B2C and B2B [5][34] - Retail media is highlighted as a key growth revenue stream, with successful campaigns validating the potential of this segment [5][8] Market Data and Key Metrics Changes - GMV reached $5.0 billion, up 13% in U.S. dollars and 12% FX neutral [20] - Brazil's performance was in line with expectations, showing a modest deceleration of a couple of percentage points quarter over quarter [20][47] - Argentina faced additional challenges, with performance worse than expected due to weak consumer sentiment [20] Company Strategy and Development Direction - The company is focusing on four growth pillars: global expansions, B2B use case customers, retail media, and agentic commerce [3][5] - There is a strong emphasis on AI-driven transformation, with investments aimed at building an AI-native platform to enhance operational efficiency and customer experience [9][39] - The company aims to deepen its focus on scaling in the U.S. and Europe, expanding B2B and retail media products, and accelerating AI transformation [25][34] Management's Comments on Operating Environment and Future Outlook - The management noted that while the macro environment in Latin America remains challenging, the company is confident in its long-term growth potential [24][34] - There is an expectation of continued headwinds in Argentina, with a cautious outlook for the rest of the year [36] - The company anticipates FX neutral year-over-year subscription revenue growth of 5%-10% for Q4 2025, with a target of $65.8-$68.8 million [25] Other Important Information - The company ended the quarter with approximately $200 million in cash, representing about 25% of its market capitalization [23] - Free cash flow for the quarter was $7.5 million, reaching a free cash flow margin of 13% [22] - The company repurchased almost $100 million of shares across four programs, with 4.5 million shares repurchased in Q3 at an average price of $4.14 per share [23][24] Q&A Session Summary Question: Sequential increase in R&D expenditures and employee decline - Management confirmed that R&D investments are increasing as they see it as pivotal for the company's future, while the decline in employees is due to AI productivity gains [28][29] Question: Churn trends in the LATAM market - Churn remains stable, with longer sales cycles observed but no significant loss of deals to competitors [31][32] Question: Outlook for Argentina post-elections - Argentina remains a tough market with high interest rates and limited credit availability impacting consumption [36] Question: AI investments and monetization - AI is viewed as a transformative force rather than just a monetization tool, with a focus on enhancing operational efficiency and customer relationships [38][39] Question: Free cash flow expectations and working capital optimization - The company expects free cash flow margins in the high teens, with ongoing efforts to optimize working capital despite market volatility [42][46] Question: Update on U.S. operations and impact of marketplaces - U.S. operations are on track, with strong traction in B2B deals, while marketplaces are seen as complementary rather than a threat [49][53]

Business Overview Third Quarter 2025 November 2025 The Backbone for Connected Commerce Safe Harbor This presentation has been prepared by VTEX ("we," "us," "our," "VTEX" or the "Company"). This presentation may contain forward-looking statements relating to such matters as continued growth prospects for the Company, industry trends and product and technology initiatives. These statements are based on currently available information and our current assumptions, expectations and projections about future event ...

Group 1 - The individual investor focuses on managing personal capital accumulated over the years, utilizing a diverse range of investment strategies including fundamental, technical, and momentum investing [1] - The investor aims to leverage the strengths of various investment approaches to refine their investment process [1] - The purpose of writing on Seeking Alpha is to track the performance of investment ideas and connect with like-minded investors [1]

Core Insights - The article discusses the author's investment philosophy, which incorporates various strategies including fundamental, technical, and momentum investing [1]. Group 1: Investment Strategies - The author emphasizes the importance of a diversified approach to investing, utilizing the strengths of fundamental, technical, and momentum strategies [1]. - The focus is on managing personal capital accumulated over the years, indicating a shift towards individual investment management [1]. Group 2: Purpose of Writing - The article serves as a platform for tracking the performance of investment ideas and connecting with like-minded investors [1].

Core Viewpoint - Petrofac's ongoing restructuring will result in no residual value for existing shareholders, with the process expected to be completed by the end of November [1] Company Summary - Petrofac is an oilfield services provider currently undergoing a restructuring process [1] - The restructuring is significant enough that it will eliminate any remaining value for current shareholders [1] - The completion of the restructuring is anticipated by the end of November [1]

Core Insights - Livestream shopping is gaining traction in the US, mirroring its success in China, with e-commerce platforms capitalizing on this trend [4][16] - Livestreamers engage audiences by promoting products, answering questions, and offering exclusive deals, creating a social shopping experience [3][8] Group 1: Livestreaming in China - Livestream commerce in China began to flourish in 2018, significantly driven by a challenge between Alibaba's Jack Ma and influencer Austin Li [5][6] - Austin Li, known as the "Lipstick King," sold 15,000 lipsticks in five minutes, showcasing the potential of livestreaming for sales [6] - Livestreams in China combine shopping with entertainment, creating a dynamic environment that encourages consumer engagement [7][8] Group 2: Growth in the US - In the past two years, livestream shopping has seen a 165% increase in shoppers during Black Friday and Cyber Monday on TikTok Shop, generating $100 million in sales [16] - A survey indicated that 45% of US adults had participated in live shopping events, highlighting the growing acceptance of this shopping format [17] - The collectibles market is particularly benefiting from livestreaming, with eBay's CEO noting that collectibles represent a $10 billion annual business for the platform [22] Group 3: Livestreamers' Experiences - Livestreamers enjoy flexible working hours and the ability to monetize their interests, although many supplement their income with other jobs [23][24] - The increasing number of livestreamers has led to audience dilution, affecting viewer counts for individual streamers [26] - Despite the challenges, livestreamers like Andrew Martin and Caleb Wessels value the interaction with their audience, even if their earnings are modest [27][28]

Core Insights - VTEX, recognized as the sole Customers' Choice commerce platform by Gartner for two consecutive years, will host VTEX Connect Europe on November 11, 2025, featuring tennis champion Rafael Nadal as a keynote speaker [1][2]. Event Overview - VTEX Connect Europe will take place alongside Web Summit 2025, the largest technology gathering globally, aiming to unite thousands from retail, manufacturing, and technology sectors to explore the impact of enterprise digital commerce and AI on operations and growth strategies [2][4]. - The event is scheduled for November 11, 2025, at Pavilhão Carlos Lopes in Lisbon, Portugal, from 17:00 to 23:00 CEST [5]. Key Themes - The event will include discussions on how AI is transforming enterprise commerce, with insights from industry leaders and special guests, including Manchester City FC [5]. - Santiago Naranjo, chief revenue officer at VTEX, emphasized the importance of mastery and precision in both sports and enterprise AI deployment, highlighting the innovative spirit of VTEX Connect Europe [3].

Core Insights - The stock market is reaching new all-time highs, prompting investors to focus on diversification strategies, particularly in international stocks and small/mid-cap growth stocks that offer more attractive valuations [1] Group 1 - Investors are encouraged to increase exposure to international stocks and small/mid-cap growth stocks due to their compelling trading opportunities [1] - Gary Alexander, with extensive experience in technology and startups, provides insights into current industry trends and investment themes [1]

Core Insights - GEA Group AG is now a member of the DAX 40 index as of September 22, 2025, marking its entry into the "Premier League" of German companies [2] - The company has confirmed its full-year guidance for 2025, raising expectations for organic sales growth to between 2% and 4% [3] - The EBITDA margin before restructuring expenses is projected to be in the range of 16.2% to 16.4% [3] - Return on Capital Employed (ROCE) is guided to be between 34% and 38% [3] Industry Insights - In the Foods sector, there is continued activity, particularly on the project side [3] - Demand in the Beverage sector remains at the same level as the previous year [3] - The Dairy Processing industry continues to show positive trends [3]