DLO - dLocal stock dips despite Q2 earnings beat on robust TPV revenue growth

dLocal ( NASDAQ: DLO ) shares fell 7.2% in Monday after-hours trading even after the Uruguay-based payments platform turned in stronger-than-expected Q2 results, driven by robust payments volume and revenue growth.

"Our business has shown resilience and sustained growth, supported by the diversity of our merchants across industry verticals, geographies, and products," said CEO Sebastian Kanovich. "This, combined with our strong cash generation, give us confidence that we are uniquely positioned to fulfill our long-term growth strategy."

EPS of $0.10 at the end of June topped the average analyst estimate of $0.09 and rose from $0.06 at June 30, 2021.

Q2 revenue of $101.2M also exceeded the consensus of $98.5M and climbed from $58.9M a year before.

Q2 total payment volume was $2.4B compared with $1.5B in Q2 2021, reflecting continued growth of its merchants across most verticals, particularly in on-demand commerce, on-demand delivery, travel, software as a service and advertising..

Adjusted EBITDA for Q2 was $38.2M vs. $25.9M in Q2 of last year. Adjusted EBTDA margin, though, came in at 37.7% at June 30, down from 44.0% at June 30, 2021.

Conference call on August 23 at 9:00 a.m. ET.

Earlier, dLocal GAAP EPS of $0.10, beats by $0.01, revenue of $101.18M beats by $2.65M .

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