BUZZ-Brazil's Nu slides after bank's Q4 revenue misses estimates

Reuters

Feb 21, 2025

** Brazilian digital lender Nu Holdings' NU.N shares plunge as much as 16%; last down 14.5% at $11.41

** NU late Thursday posted Q4 revenue of $2.99 billion, below analysts' expectations of $3.29 billion, according to estimates compiled by LSEG

** Citi analysts say their read-through of the results was mostly negative, with key performance indicators on the revenue side "decelerating markedly"

** NU seems to be taking a more prudent stance towards origination, mainly on credit cards, they said

** Jefferies says NU de-risking on credit cards was still affecting revenue growth

** As of last close, NU stock up 28.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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last down 14.5% at $11.41** NU late Thursday posted Q4 revenue of $2.99 billion, below analysts' expectations of $3.29 billion, according to estimates compiled by LSEG** Citi analysts say their read-through of the results was mostly negative, with key performance indicators on the revenue side \"decelerating markedly\" ** NU seems to be taking a more prudent stance towards origination, mainly on credit cards, they said** Jefferies says NU de-risking on credit cards was still affecting revenue growth** As of last close, NU stock up 28.8% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NU":"Nu Holdings Ltd."},"translate_title":"巴西银行第四季度收入未达预期后，巴西Nu股价下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NU":0.9},"content_text":"BUZZ-Brazil's Nu slides after bank's Q4 revenue misses estimates** Brazilian digital lender Nu Holdings' NU.N shares plunge as much as 16%; last down 14.5% at $11.41** NU late Thursday posted Q4 revenue of $2.99 billion, below analysts' expectations of $3.29 billion, according to estimates compiled by LSEG** Citi analysts say their read-through of the results was mostly negative, with key performance indicators on the revenue side \"decelerating markedly\" ** NU seems to be taking a more prudent stance towards origination, mainly on credit cards, they said** Jefferies says NU de-risking on credit cards was still affecting revenue growth** As of last close, NU stock up 28.8% YTD (Reporting by Arasu Kannagi Basil in Bengaluru) ((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}