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StoneCo swings to Q3 profit as revenues double

Nov. 26, 2018 4:24 PM ETStoneCo Ltd. (STNE) StockBy: Jason Aycock, SA News Editor12 Comments
  • StoneCo (NASDAQ:STNE) swung to a healthy gain in its Q3 earnings thanks to revenues that more than doubled.
  • The company logged a net profit of 90.4M reais vs. a year-ago loss of 14.8M reais. Revenue/income grew 121.4% to 414.1M reais.
  • Adjusted net income rose to 89.3M reais from 5.7M.
  • Active clients numbered 234,400, up 127%; take rate was up 38 basis points to 1.87%.
  • Revenue breakout: Transactions and other services, 136.1M reais (up 187.1%); Subscription services and equipment rental, 59.2M reais (up 123.7%); financial income, 212.4M reais (up 107.7%); other financial income, 6.4M reais (down 41.6%).
  • Conference call to come at 5 p.m. ET.
  • Press release

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