DLocal Limited jumps on earnings beat, appoints former Mercado Libre CFO as new co-CEO

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dLocal Reports 2023 Second Quarter Financial Results

August 15, 2023 4:10 PM EDT

Second Quarter 2023
US$4.4 billion Total Payment Volume, up 80% year-over-year and 22% quarter-over-quarter
Revenue of US$161 million, up 59% year-over-year and 17% quarter-over-quarter
148% Net Revenue Retention Rate
Gross Profit of US$71 million, up 43% year-over-year and 14% quarter-over-quarter
Adjusted EBITDA of US$52 million, up 36% year-over-year and 14% quarter-over-quarter

dLocal reports in US dollars and in accordance with IFRS as issued by the IASB

MONTEVIDEO, Uruguay, Aug. 15, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (dLocal, we, us, and our) (NASDAQ: DLO), a technology - first payments platform today announced its financial results for... More

dLocal Appoints Pedro Arnt as Co-Chief Executive Officer alongside Sebastián Kanovich

August 15, 2023 4:00 PM EDT

MONTEVIDEO, Uruguay, Aug. 15, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (dLocal, the Company, we, us, and our) (Nasdaq: DLO), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced that Pedro Arnt has been appointed as co-Chief Executive Officer and member of the Board of Directors of the Company, effective immediately, to serve as co-Chief Executive Officer alongside Sebastián Kanovich.

Mr. Arnt has extensive leadership experience in the tech sector and as a public company executive, having spent over 25 years in operations, strategy and... More