Bullish indicating open at $55-$60, IPO prices at $37
MONTEVIDEO - DLocal Limited (NASDAQ:DLO) shares jumped 15% in after-hours trading after the emerging markets payments company reported first quarter earnings and revenue that surpassed analyst expectations.
The Uruguay-based fintech firm posted adjusted earnings per share of $0.15 for Q1 2025, beating the consensus estimate of $0.12. Revenue climbed 18% YoY to $216.8 million, exceeding analyst projections of $205.92 million.
Total (EPA:TTEF) payment volume (TPV) reached a record $8.1 billion in the quarter, up 53% YoY and 5% sequentially. In constant currency, TPV growth would have been 72% YoY.
Gross profit rose 35% YoY to $84.9 million, while adjusted EBITDA increased 57% to $57.9 million. The company’s adjusted EBITDA margin expanded to 27% from 20% in the year-ago quarter.
"The first quarter of 2025 demonstrated strong execution across many of the levers of our strategic plan," said CEO Pedro Arnt. "Our commercial team effectively leveraged existing merchant relationships and established new partnerships."
DLocal maintained its focus on geographic diversification, with notable performance in Chile and other Latin American markets outside Brazil. However, the company faced headwinds in Mexico due to commerce seasonality and partial volume loss with a large merchant.
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