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Monday, March 18, 2019

StoneCo (STNE) earnings on Mon 18 March 19 (a/h)

  • Brazilian version of Square (SQ)
** charts before earnings **


** charts after earnings **

StoneCo reports Q4 results; Beats on revs (two analysts); Take Rate and Net Adds in line with preannouncement 
  • Reports Q4 (Dec) adjusted net income of BRL 155.9 mln vs. adjusted net income of $20.9 mln in the prior year; revenues rose 113.6% year/year to BRL 529.4 mln vs the BRL 465.62 mln two analyst estimate.
  • The number of active clients increased by 136.7 thousand in fiscal year 2018, reaching a total of 267.9 thousand clients at the end of the year, up 104.1% compared to 2017.
  • The Company's take rate reached 1.88% (preannounced) in the fourth quarter of 2018 compared to 1.58% in the fourth quarter of 2017, a 30 basis point increase year over year.
  • Total Payment Volume (TPV) was R$26.6 billion in the fourth quarter of 2018, an increase of 73.8% from R$15.3 billion in the fourth quarter of 2017.
  • The Company ended 2018 with 267.9 thousand active clients, up 104.1% compared to the previous year, when it had 131.2 thousand clients. The net addition of active clients in the fourth quarter was 33.5K (preannounced), an improvement in net addition per sales force working day compared to the third quarter of 2018 by approximately 10%.

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