Fintech dLocal's fourth-quarter profits climb 47% [Reuters]
DLocal Limited - Class A Common Shares (DLO)
Company Research
Source: Reuters
Profits would have reached $40.6 million if not for the firm's Argentine operation, where the local peso currency was significantly devalued in December, dLocal said. DLocal said revenues for the last three months of 2023 rose 59% to $188 million, citing "strong performance of (its) merchants across most of (its) markets." DLocal, which operates across most of Latin America as well as parts of Africa and Asia for clients such as Netflix (NFLX.O) , opens new tab and Amazon (AMZN.O) , opens new tab , said quarterly payments volumes grew 55% year-on-year to a record $5.11 billion. The company had told Reuters in September it was set to "pause" its rapid expansion plans to focus on strengthening existing operations in over 40 countries, hinting at a new phase for the fast-growing firm. On Monday, dLocal said it was focusing on "tightening the foundations for long-term growth" with additional hires, upgraded operations and licensing. The Technology Roundup newsletter brings the
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DLO
News
- dLocal to Report First Quarter 2024 Financial ResultsGlobeNewswire
- DLocal Limited (NASDAQ: DLO) is now covered by analysts at Citigroup Inc.. They set a "neutral" rating and a $17.00 price target on the stock.MarketBeat
- Implied Volatility Surging for DLocal Limited (DLO) Stock Options [Yahoo! Finance]Yahoo! Finance
- DLocal Limited (NASDAQ: DLO) had its price target lowered by analysts at HSBC Holdings plc from $19.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- DLocal Limited (NASDAQ: DLO) had its price target lowered by analysts at JPMorgan Chase & Co. from $17.50 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
DLO
Earnings
- 3/18/24 - Miss
DLO
Sec Filings
- 3/19/24 - Form 20-F
- 3/19/24 - Form 6-K
- 2/9/24 - Form SC
- DLO's page on the SEC website