PagBank Reports Net Revenue of R$4.8 billion in 3Q24
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PagBank (NYSE: PAGS) reported strong financial results for Q3 2024, with net revenues of R$4.8 billion, a 20% year-on-year increase. The company's recurring net income reached a record R$572 million, up 30% from the previous year, driven by growth in acquiring and the banking platform.
November 14, 2024 | 2:00 pm
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PagBank reported a 20% YoY increase in net revenues for Q3 2024, reaching R$4.8 billion. Recurring net income also hit a record R$572 million, up 30% YoY, driven by growth in acquiring and the banking platform.
The significant year-on-year growth in both net revenues and recurring net income indicates strong operational performance and market position, likely leading to positive investor sentiment and a potential short-term increase in stock price.
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