The stock of PagSeguro Digital Ltd. (PAGS) was traded 4.85% higher in pre-market. In the previous trading session, the stock closed at $27.63. The company recently announced its results for the 3rd quarter of its fiscal year.
PAGS: Financial Highlights:
- The revenue of the company increased significantly by 55.8% from the same quarter of the previous year. This year it was reported to be R$2,775.8 million.
- PagSeguro reported a net income of R$321.5 million in the e3rd quarter, which is a 22.1% increase from the same quarter of 2020.
- Their non-GAAP net income was reported to be R$418.7 million, this is a 26.7% increase as compared to the 3rd quarter of 2020.
- The company’s adjusted EBITDA was announced to be R$741 .5 million in the 3rd quarter of 2021, this is an increase of 39.8% as compared to the 3rd quarter of 2020.
- As of 30th September 2021, the company had cash and cash equivalents of R$1,640.1.
PAGS: Operational highlights:
- The number of merchants increased by 0.1 million. As of 30th September 2021, the active merchants were 7.7 million.
- The number of active users increased by 1 million, reaching a total number of active users to 12.2 million as of 3oth September 2021.
- The consolidated TPV growth rate was 85.8% from the last year’s same quarter. In this quarter it was R$125.6 billion, it was R$67.6 billion in the same quarter of the last year.’
- The acquiring TPV growth rate was 49.1% in this quarter, it was R$66.8 billion in this quarter as compared to R$44.8 billion in the 3rd quarter of 2020.
- PagBank TPV increased 158.15. it was reported to be R$58.8 billion in this quarter as compared to R$22.8 billion in the 3rd quarter of 2020.
Conclusion:
After the company announced its results for the3rd quarter of 2021 which ended on 30th September 2021, the stock of the company gained value in the market. But a couple of days later the stock of the company plunged in the market. This scenario could be linked to the excessive trading volume of the shares that resulted in the decline of the stock.
