Overview
Uruguay payments platform's Q4 revenue rose 65% yr/yr, beating analyst expectations
Adjusted EBITDA for Q4 increased 38% yr/yr, beating analyst estimates
Company announced $300 mln share buyback
Outlook
DLocal expects 2026 TPV growth of 50%-60% year-over-year
Company sees 2026 gross profit rising 22.5%-27.5% year-over-year
DLocal expects operating profit to grow 27.5%-32.5% year-over-year in 2026
Result Drivers
TPV AND E-COMMERCE GROWTH - Record TPV and strong seasonal e-commerce in Brazil, plus solid trends in streaming, advertising, financial services and remittances, drove results
REGIONAL RECOVERY AND EXPANSION - Partial recovery in Egypt with return of a large merchant and ramp-up of new e-commerce, streaming and ride-hailing merchants; strong volume growth in Mexico and broad-based growth in Other Africa & Asia
Company press release: ID:nGNX8L1Y08
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $338 mln | $297.56 mln (6 Analysts) |
Q4 Adjusted EBITDA | Beat | $78.4 mln | $72.38 mln (6 Analysts) |
Q4 Gross Margin | 34% | ||
Q4 Adjusted EBITDA Margin | 23% | ||
Q4 Gross Profit | $116 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Dlocal Ltd is $18.00, about 53.5% above its March 17 closing price of $11.73
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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