DLO - DLocal plummets 22% post Q3 results

DLocal (DLO -21.8%) slides despite beating Q3 revenue estimates by $3.47M. Total Payment Volume reached $1.8B, representing 217% Y/Y growth and 24% growth Q/Q. Revenue from Existing Merchants increased by $26.2M and net revenue retention rate reached 185% compared with 159% in the fiscal year 2020. Adj. EBITDA was $26.3M and margin was 38% compared to 41%Y/Y. On average, Enterprise Global Merchants used dLocal’s platform in more than seven different countries and 64 payment methods in the third quarter of 2021. As of Sept. 30, 2021, Cash, equivalents and marketable securities increased to $293.1M due to the increase of $16.3M in funds and an increase of $10.8M in funds due to our merchants with respect to Q2 2021. “We continue to see strong growth across multiple verticals as we see local economies continue to bounce back and global merchants prioritize their efforts in emerging markets.” said Sebastian Kanovich. Previously: dLocal EPS misses by $0.01,

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DLocal plummets 22% post Q3 results