Exceeded Earnings Expectations
The company exceeded its promise of $400 million by delivering $443 million, showing a strong start under the new CEO.
Strong Revenue Growth
The company grew by 21% over the last year, which is 2x faster than most peers, demonstrating significant market momentum.
iFood and OLX Profitability
iFood's core restaurant delivery business achieved an adjusted EBIT margin of 28%, and OLX grew its profits by 61% over the period, showing strong profitability improvements.
Dividend Increase
The company doubled its dividend, showing confidence in its financial stability and growth prospects.
Despegar Acquisition
The company successfully closed the Despegar acquisition, integrating it into the Latin American ecosystem.
Focus on Innovation
The company is leveraging AI to enhance operational efficiency and customer understanding, positioning itself at the forefront of technological innovation.