NU - Brazilian Digital Banking Company Nu Holding Tops Q3 Estimates On Strong Customer Growth & Monetization | Benzinga
Nu Holdings Ltd (NYSE: NU) posted Q3 FY23 revenue growth of 64% Y/Y to $2.14 billion, beating the consensus of $2.05 billion.
Revenue growth was led by customer growth and higher levels of customer monetization in Brazil.
Nu added 5.4 million customers in Q3, reaching 89.1 million globally as of September 30, 2023.
Monthly Average Revenue per Active Customer (ARPAC) stood at $10.0, increasing 18% Y/Y on FX neutral basis (FXN).
Gross profit ...