DLocal (DLO) - 2023 Q1 - Earnings Call Transcript

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 ...