Business
DLocal Limited Announces 2021 Third Quarter Preliminary Financial Results
MONTEVIDEO, Uruguay, Oct. 18, 2021 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO), a technology-first payments platform
About this update from Dlocal Limited
[{"type":"text","content":"MONTEVIDEO, Uruguay, Oct. 18, 2021 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO), a technology-first payments platform today announced preliminary financial and operating results for the third quarter ended September 30, 2021. We are in the process of finalizing our results for our fiscal quarter ended September 30, 2021. The following discussion presents our preliminary estimates. Preliminary Estimates of Operating Results for the Three Months Ended September 30, 2021 We estimate our total payment volume, or TPV, for the three months ended September 30, 2021 to be between $1,780 million and $1,800 million, compared with $572 million for the same period of 2020, representing expected growth of between 211% and 215%. We estimate our NRR1 for the three months ended September 30, 2021 to be between 175% and 180% , compared with 175% for the same period of 2020. Several merchants that we considered to be new merchants in the second quarter of 2021 are now classified as existing merchants in the third quarter of 2021. Preliminary Estimates of Financial Results for the Three Months Ended September 30, 2021 We estimate our revenue for the three months ended September 30, 2021 to be between $67 million and $68 million, compared with $30.9 million for the same period of 2020, representing estimated growth of between 116.8% and 120.1%. We estimate this growth in revenue to be primarily attributable to the performance and continued growth of our enterprise merchants across most verticals, particularly in streaming, ride hailing, advertising, retail, SAAS and travel, while other verticals such as financial services are expected to remain relatively stable. We estimate our Adjusted EBITDA for the three months ended September 30, 2021 to be between $25 million and $26 million, compared with $12.5 million for the same period of 2020, representing estimated growth of between 100.0% and 108.0%. We estimate our Adjusted EBITDA Margin for the three months ended September 30, 2021 to be between 37.3% and 38.2% compared to 40.6% for the same period of 2020 and 44% for the three months ended June 30, 2021. We continued increasing our volumes with several of our largest merchants during the three months ended September 30, 2021, which decreased the ratio of revenues over TPV compared to the three months ended June 3...