StoneCo Non-GAAP EPS of R$1.61, revenue of R$3.21B
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Contributor since / Followers
Contributor since / Followers
3 months ago
- StoneCo press release (NASDAQ:STNE): Q2 Non-GAAP EPS of R$1.61.
- Revenue of R$3.21B (+8.8% Y/Y).
- Adjusted EBITDA was R$1,587.2 million in the quarter, an increase of 5.9% year over year and 5.0% quarter over quarter. Adjusted EBITDA Margin increased from 49.0% to 49.5% sequentially, primarily due to consolidated revenue growth, combined with lower selling expenses as a percentage of revenues.
- Adjusted Net Cash position was R$5,256.9 million in 2Q24, representing a 21.5% increase year over year or 2.3% sequentially. The R$117.1 million quarter-over-quarter growth is mainly explained by cash generation from our operations with the main outflows being capex and buyback of shares.
- Outlook: We are on track to deliver our 2024 guidance. The profitability achieved in 1H24 has positioned us favorably to meet our full-year guidance, despite several headwinds. These include a ~R$120 million reduction in revenues in 1H24 alone due to changes in the recognition of membership fee revenues and a challenging macroeconomic environment with a higher yield curve.
- Shares -3.3%.