DLocal Limited (NASDAQ: DLO) reported Q4 EPS of $0.10, $0.05 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $188 million versus the consensus estimate of $173.85 million.

As outlook for the full year 2024, we expect to grow our TPV to between US$25 to US$27 billion and gross profit to between US$320 and US$360 million in 2024. Our expectations for TPV and gross profit assume increased mix coming from “Tier 0” merchants as we continue to ramp-up those global relationships, driving incremental TPV and wallet share from the world's leading tech companies, but at lower take rates. In addition, we see sustained growth in our local to local business, and mix of growth shifting to less mature markets, where our operations have not reached scale. Our gross profit outlook assumes normalization of foreign exchange spreads in certain dual currency rate markets.

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