Inter&Co Inc., a leading financial super app, reported its highest-ever net income of R$973 million for the year 2024, tripling its 2023 performance. The company experienced a 35% year-over-year increase in total net revenue, reaching R$6.4 billion, with gross revenues surpassing R$10 billion. With over 36 million customers and continued client engagement growth, Inter&Co's financial results underscore the increasing impact of digital payment platforms. The company's innovative approach and low-cost financial products continue to attract users, fostering a strong network effect across its diverse service offerings.
In other trading, Affirm Holdings (NasdaqGS:AFRM) was trading firmly up 21.8% and finishing the session at $75.22, near its 52-week high. In the meantime, REC (NSEI:RECLTD) trailed, down 4% to finish the session at ₹423.45.
REC's Maharatna status bolsters its strategic growth in renewable energy. Explore the full narrative to understand REC's strategic advantages and market potential.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Sources:
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocks
Try a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.