dLocal Reports Mixed Q2 Earnings with $171M Revenue, $0.15 EPS, Adjusts EBITDA Guidance

dLocal Limited reported its Q2 2024 earnings, revealing a mixed performance. The company posted revenues of $171 million, falling short of the estimated $203 million. However, it exceeded expectations on earnings per share (EPS), achieving $0.15 against the anticipated $0.10. Despite these challenges, Total Payment Volume (TPV) surged by 38% year-over-year to $6 billion, with significant growth in pay-ins and pay-outs. The company also adjusted its full-year EBITDA guidance to a range of $180-200 million, down from the previous $220-260 million. Post Market, the stock was down 4%. The full-year gross profit is projected at $290 million.