dLocal Q4 2024 Earnings Report
Key Takeaways
dLocal's Q4 2024 results showed continued strong growth in Total Payment Volume (TPV), which increased by 51% year-over-year to $7.7 billion. Revenue reached $204 million, marking a 9% increase year-over-year. Net income came in at $29.7 million, while adjusted EBITDA improved by 16% to $56.9 million. The company maintained strong cash reserves of $425 million, positioning itself for future investments and expansion.
Total Payment Volume (TPV) increased 51% year-over-year to $7.7 billion.
Revenue grew 9% year-over-year to $204 million.
Net income increased to $29.7 million, with adjusted EBITDA reaching $56.9 million.
Strong cash reserves of $425 million provide financial flexibility for growth.
dLocal Revenue
dLocal EPS
dLocal Revenue by Segment
dLocal Revenue by Geographic Location
Forward Guidance
dLocal expects strong TPV and revenue growth in 2025, with continued expansion into emerging markets and operational improvements.
Positive Outlook
- TPV growth projected at 35%-45% year-over-year in 2025.
- Revenue growth expected to be between 25%-35% year-over-year.
- Gross profit growth forecasted at 20%-25% year-over-year.
- Adjusted EBITDA projected to grow 20%-30% year-over-year.
- Continued expansion into high-growth emerging markets.
Challenges Ahead
- Net take rate expected to decline due to pricing adjustments for larger merchants.
- Macroeconomic volatility in emerging markets remains a risk.
- Currency fluctuations could impact reported financial performance.
- Higher investment in operational capabilities may increase expenses.
- Regulatory and compliance costs expected to rise with market expansion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income