Headquartered in Uruguay, dLocal Limited (DLO) is a technology-first payment platform operating internationally. It connects global enterprise merchants with billions of consumers across several emerging markets. The company went public through a traditional IPO listing on the Nasdaq stock exchange on June 2, 2021. However, shares of DLO lost 25% since its stock market listing due to the bearish market sentiment and extended tech sell-off.
DLO reported its fiscal first-quarter earnings report on May 17, 2022. The company’s revenues increased 117% year-over-year to a record $87.50 million. Its total payment volume (TPV) rose 127% from the same period last year to $2.10 billion. Adjusted EBITDA came in at $33 million, up 84% from the prior-year quarter. Gross profit rose 87% from the year-ago value to $43.60 million. EPS improved 33.3% from the prior-year quarter to $0.08. The stock gained 19.6% since its earnings report release.
