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Stock impact report

PagBank Reports Net Revenue of R$4.8 billion in 3Q24 [Yahoo! Finance]

PagSeguro Digital Ltd. Class A Common Shares (PAGS) 
Last pagseguro digital ltd. class a common shares earnings: 2/27 05:11 pm Check Earnings Report
US:NYSE Investor Relations: investors.pagseguro.com
Company Research Source: Yahoo! Finance
SÃO 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). R ecurring 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 of 31%." PagBank's acquiring business achieved a record performance, with total payment volume (TPV) reaching R$136.3 billion , an annual growth of 37% (+10% YoY). Th Show less Read more
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