Newsfilter article unlocker

Enter Newsfilter article ID in the field below.
Example: https://newsfilter.io/articles/39be1bef03e66cdc886c08a2a6319c47

Payments provider dLocal (DLO.O) on Thursday reported a ​10% dip in its first-quarter net ‌profit missing analyst estimates as a one-off tax charge and higher expenses offset a surge ​in payment volumes.

Net profit for ​the period hit $41.9 million, falling short ⁠of the $48.9 million expected by analysts. ​The company said the results were ​hit by a $9.7 million tax adjustment related to installment products and costs from a recent ​investment cycle.

However, revenue for ​Uruguay's first unicorn, a company to publicly list ‌for ⁠more than $1 billion, jumped 55% to $335.9 million, topping the $333.1 million forecast. Total payment volume (TPV) surged 73% to $14.1 billion, ​up from $8.1 ​billion a ⁠year earlier.

DLocal, which facilitates transactions for merchants including Amazon (AMZN.O), ​Uber (UBER.N) and Spotify (SPOT.N), operates across ​more ⁠than 40 emerging markets and earns the bulk of its income in ⁠Latin ​America, notably Brazil, Mexico ​and Argentina, but also in Africa and Asia.