PagBank Reports Net Revenue of R$4.8 billion in 3Q24
PagSeguro Digital Ltd. Class A Common Shares (PAGS)
Last pagseguro digital ltd. class a common shares earnings: 2/27 05:11 pm
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Source: PR Newswire
Recurring net income reaches a record R$572 million, up 30% year-on-year; Revenue growth driven by robust growth in acquiring (TPV) and acceleration of the banking platformSÃO PAULO, Nov. 14, 2024 /PRNewswire/ -- PagBank (NYSE: PAGS), a leading digital bank offering a comprehensive suite of financial services and payment solutions, announced strong results for the third quarter of 2024 (3Q24). The Company reported net revenues of R$4.8 billion in 3Q24 (+20% YoY). Recurring net income reached a record high of R$572 million (+30% YoY), with a record reported net income of R$531 million (+29% YoY)."This quarter's exceptional results demonstrate the power of our customer-centric approach," said Alexandre Magnani, PagBank's CEO. "Our payments business grew more than twice as fast as the overall card market, while banking revenue increased 52%. We achieved this growth while maintaining a strong balance sheet and delivering increased value to our shareholders with earnings per share growth
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PAGS
News
- 3 Growth Stocks Down 40% to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- PagSeguro Digital Ltd. (NYSE: PAGS) was upgraded by analysts at KeyCorp to a "hold" rating.MarketBeat
- PagSeguro Digital Ltd. (NYSE: PAGS) had its price target lowered by analysts at Susquehanna from $19.00 to $16.00. They now have a "positive" rating on the stock.MarketBeat
- PagSeguro Digital Ltd. (NYSE: PAGS) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $14.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- PagSeguro Digital Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
PAGS
Earnings
- 8/20/24 - Beat
PAGS
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- PAGS's page on the SEC website