South American Fintech dLocal Reports Mixed Q2 Results: EPS Beat, Revenues Miss
Portfolio Pulse from Erica Kollmann
dLocal Ltd (NASDAQ:DLO) reported mixed Q2 results with an EPS beat but a revenue miss. The company cited currency devaluation in Nigeria and Egypt as factors for the revenue decline, despite strong TPV growth. dLocal revised its full-year outlook due to slower volume ramp-ups and weakening currencies in emerging markets.
August 14, 2024 | 9:04 pm
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dLocal Ltd reported mixed Q2 results with an EPS beat but a revenue miss. The company cited currency devaluation in Nigeria and Egypt as factors for the revenue decline, despite strong TPV growth. dLocal revised its full-year outlook due to slower volume ramp-ups and weakening currencies in emerging markets.
The mixed Q2 results with an EPS beat but a revenue miss create a neutral short-term impact. The revenue miss and revised full-year outlook due to currency devaluation and slower volume ramp-ups are concerning, but the strong TPV growth and positive long-term outlook provide a counterbalance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100