By Katherine Hamilton
DLocal shares fell after it missed expectations for its fourth-quarter profit and revenue.
The stock sank 29% to $9.83, continuing a 40% decline over the past year.
The Montevideo, Uruguay, payment platform posted a profit of $29.7 million, or 10 cents a share, for the three months ended Dec. 31, compared with $28.5 million, or 10 cents a share, the prior year. Analysts polled by FactSet were expecting a profit of 15 cents a share.
Revenue rose 9% to $204.5 million, below analysts' expectations of $206.4 million.
Total payment volume was $7.7 billion, a 51% increase from the previous year and a new record, dLocal said Thursday.
dLocal said it expects revenue in 2025 to grow 25% to 35% thanks to sustained volume growth, after growing about 15% in the full year of 2024. It estimates total payment volume will grow 35% to 45% this year, compared with 45% in 2024.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 28, 2025 10:15 ET (15:15 GMT)
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