Q4 2024 Dlocal Ltd Earnings Call Transcript

Feb 27, 2025 / 10:00 PM GMT

Key Points

Positve
  • DLocal Ltd (DLO) achieved a record TPV of $26 billion in 2024, marking a 45% year-over-year increase.
  • The company delivered a gross profit of $295 million and maintained a strong adjusted EBITDA over gross profit margin of 64%.
  • DLocal Ltd (DLO) expanded its team significantly, adding 194 new talents, particularly in technology and product development.
  • The company launched 20 new payment methods for pay-ins and seven for payouts, enhancing its product offerings.
  • DLocal Ltd (DLO) secured nine new licenses globally, expanding its product offerings and access to new growth opportunities.
Negative
  • The company experienced a decline in gross profit in its largest markets, Brazil and Mexico, despite overall growth.
  • Currency devaluations, particularly in Nigeria, negatively impacted revenue growth.
  • There was a noted compression in the net take rate due to higher volumes driving lower take rates and increased payout share.
  • DLocal Ltd (DLO) faced challenges with temporary settlement delays and changes in settlement periods affecting cash flow.
  • The company anticipates potential tightening of FX spreads in certain geographies, which could impact financial performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DLO.OQ - Dlocal Ltd
Q4 2024 Dlocal Ltd Earnings Call
Feb 27, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the D Local 4th quarter 2024 results. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to the local. Please go ahead.

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Unidentified_2 [2]
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