Uruguayan payments firm dLocal Limited posted second-quarter revenue of $256.5 million, a 50% year-on-year increase that beat the $229.7 million consensus. GAAP earnings per share came in at $0.14, topping forecasts by a cent, while total payment volume climbed 53% to a record $9.2 billion. Profitability also improved. Gross profit reached $98.9 million for a 39% margin, and adjusted EBITDA rose 64% to $70.1 million, yielding a 27% margin. Net income was $42.8 million, comfortably ahead of the $37.1 million analyst estimate, even after a $10.8 million hit from Argentina’s currency devaluation, which prompted the company to slash its holdings of Argentine government bonds to $19.9 million from $113 million three months earlier. On the back of the strong quarter, management raised full-year 2025 guidance, projecting revenue of $970 million to $1.04 billion, up 30-40% from a year earlier and above Wall Street expectations. The company also said former Visa and American Express executive Guillermo López Pérez will join as chief financial officer in the coming months. Investors cheered the results. dLocal shares surged as much as 35% to $15.74 in New York on Thursday, the biggest intraday gain since June 2021, leaving the stock up about 45% so far this year.