Fintech dLocal's Q3 core profit jumps 37%, beating forecasts
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Uruguayan fintech dLocal reported a 37% increase in Q3 core profit to $71.7 million, surpassing forecasts of $63.3 million. Revenues rose 52% to $282 million, exceeding the $255.4 million estimate, driven by higher payment volumes. Net profit increased 28% year-on-year to $51.8 million, despite a quarterly decline due to a $13.1 million restructuring hit in Argentina. dLocal, which became Uruguay's first unicorn in 2016, has a market cap of approximately $4.17 billion and its stock has risen 34% this year.
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