PR Newswire

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NEWS
EXPLORER
KYG851581069
State: 17.08.2024 | 11PM
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FIGI: BBG00M4ZQDK0
STNE

StoneCo Ltd.
GICS: - · Sector: Technology · Sub-Sector: Software—Infrastructure
NAME
StoneCo Ltd.
ISIN
KYG851581069
TICKER
STNE
MIC
XNAS
REUTERS
STNE.OQ
BLOOMBERG
STNE US
Thu, 15.08.2024       StoneCo

Adjusted net income was R$ 497 million, a 54% increase compared to the same period last yearAdjusted EBT of R$ 652 million increased by 46% compared to the second quarter of 2023Total Payment Volume (TPV) of SMEs had an annual growth of 25%, also considering PIX transactions

SÃO PAULO, Aug. 15, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) delivered a strong second quarter, marked by solid TPV growth and continued advancements in Credit and Banking. The company reported adjusted net income of R$ 497 million, a 54% increase over the same period last year. Total revenue reached R$ 3.2 billion, an 8% year-over-year growth. Adjusted net cash stood at R$ 5.3 billion, an increase of R$ 117 million in the quarter and R$ 900 million in the year. Adjusted EBT of R$ 652 million represents a 46% increase compared to 2Q23, with an adjusted EBT margin of 20.3%.

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