DLocal Shares Slip as Profit Miss Overshadows Record $14 Billion Payment Volume
DLocal’s first-quarter net profit dropped 10% to $41.9 million after a $9.7 million tax adjustment. Revenue rose 55% to $335.9 million, and total payment volume jumped 73% to $14.1 billion. Gross profit margin narrowed to 35% from 39%. Shares fell 4.9% in after-hours trading.