Shares of Brazilian fintech company Inter&Co Inc. (INTR) surged 6.63% in pre-market trading on Thursday, following the release of the company's stellar financial results for 2024.
Inter&Co reported record net income of R$973 million for the full year 2024, a staggering three-fold increase compared to 2023. The company's total net revenue also grew by an impressive 35% year-over-year to R$6.4 billion, while total gross revenues surpassed the R$10 billion mark.
Fueling this exceptional performance was Inter&Co's continued innovation and the rising engagement of its 36 million clients across its financial super app platform. The company's activation rate reached 57% as active clients grew to 20.6 million, highlighting the powerful network effects at play.
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