NASDAQ$DLO

dLocal Ltd. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

dLocal reported strong TPV growth and solid profitability in Q4 2024.

dLocal's Q4 2024 results showed continued strong growth in Total Payment Volume (TPV), which increased by 51% year-over-year to $7.7 billion. Revenue reached $204 million, marking a 9% increase year-over-year. Net income came in at $29.7 million, while adjusted EBITDA improved by 16% to $56.9 million. The company maintained strong cash reserves of $425 million, positioning itself for future investments and expansion.

  • Total Payment Volume (TPV) increased 51% year-over-year to $7.7 billion.
  • Revenue grew 9% year-over-year to $204 million.
  • Net income increased to $29.7 million, with adjusted EBITDA reaching $56.9 million.
  • Strong cash reserves of $425 million provide financial flexibility for growth.

Headline financials

Total Revenue

$204M

Previous: $188M+8.8%
EPS (adj)

$0.10

Previous: $0.10+0.0%
Total payment volume

$7.71B

No prior period
Net Income

$29.7M

No prior period
Operating Income

$42.3M

No prior period
Gross Profit

$83.7M

No prior period

Revenue & EPS history

dLocal · Revenue · Quarterly

$204M

Q4 2024+8.8%vs Q4 2023
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

dLocal expects strong TPV and revenue growth in 2025, with continued expansion into emerging markets and operational improvements.

Tailwinds

  • TPV growth projected at 35%-45% year-over-year in 2025.
  • Revenue growth expected to be between 25%-35% year-over-year.
  • Gross profit growth forecasted at 20%-25% year-over-year.
  • Adjusted EBITDA projected to grow 20%-30% year-over-year.
  • Continued expansion into high-growth emerging markets.

Headwinds

  • Net take rate expected to decline due to pricing adjustments for larger merchants.
  • Macroeconomic volatility in emerging markets remains a risk.
  • Currency fluctuations could impact reported financial performance.
  • Higher investment in operational capabilities may increase expenses.
  • Regulatory and compliance costs expected to rise with market expansion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-1.7%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-4.7%

Avg return

30 days after

41%

7 / 17 earnings

Positive

+49.6%

Q2 2023

Best reaction

-30.5%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.5%-5.8%-3.2%
Q3 2026-6.7%-14.7%-4.9%
Q2 2025+10.4%+14.4%-3.7%
Q4 2024-30.5%-29.2%-39.4%
Q3 2024+9.1%+13.0%+25.5%
Q1 2024-25.5%-28.5%-43.4%
Q4 2023-15.7%-14.0%-12.2%
Q3 2023-8.0%-7.7%-7.1%
Q2 2023+49.6%+43.7%+54.1%
Q1 2023-2.7%+0.5%-12.2%
Q4 2022-28.1%-22.5%-22.3%
Q3 2022-7.3%-44.2%-37.0%
Q2 2022-11.4%-9.0%-15.6%
Q1 2022+19.0%+27.1%+24.3%
Q4 2021+5.8%+42.6%+12.7%
Q3 2021-24.5%-19.8%-30.1%
Q2 2021+28.7%+34.0%+34.3%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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