StoneCo (STNE) Reports Q2 Loss of R$0.47

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StoneCo Reports Second Quarter of 2021 Financial Results

August 30, 2021 4:07 PM EDT

GEORGE TOWN, Grand Cayman, Aug. 30, 2021 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE) (Stone or the Company), a leading provider of financial technology solutions that empowers merchants to conduct commerce seamlessly across multiple channels, today reports its financial results for its second quarter ended June 30, 2021.

Dear Shareholders, 

Despite strong underlying growth in our core business and evolution of our strategic roadmap, we had some mixed results this quarter primarily driven by a challenging short-term scenario in our credit product, which was strongly affected by industry problems with the credit... More