DLocal reports Q1 EPS 6c, consensus 11c

Reports Q1 revenue $184.43M, consensus $189.98M. “We started the year with strong TPV growth, achieving a record quarterly TPV of $5.3B, increasing nearly 50% YoY. TPV growth was solid across many verticals, with ecommerce nearly tripling, remittances practically doubling, and ride-hailing, SaaS, each growing north of 50% YoY. All this is a testament to the value our solution offers to our merchants across diverse verticals, and our increasingly strong competitive position and sustained share of wallet gains… Our liquidity position remains robust, ending 1Q24 with $320M of funds, including $212M of available cash for general corporate purposes and $108M of short-term investments. Considering the robust cash position, the Board has authorised a new share repurchase program to purchase Class A common shares of up to $200M dollars. The plan will expire on the earliest of May 2025 or upon reaching the $200M dollar repurchase limit… We are working on delivering on our 2024 guidance. At this point, and to the best of our current data and expectations, we believe we are tracking towards those objectives, although with greater likelihood of coming in towards the lower end of the issued ranges.” said Pedro Arnt, CEO of dLocal.