StoneCo Clocks 139% Revenue Growth In Q1, Shares Soar Afterhours

  • StoneCo Ltd STNE reported first-quarter revenue growth of 138.6% year-over-year to R$2.07 billion, above the mid-range of the company’s guidance of R$1.85 billion and R$1.9 billion.
  • Adjusted diluted EPS was R$0.43 per share, compared with R$0.60 in 1Q21.
  • Financial Services segment revenue grew 107.8% Y/Y, and Software revenue increased 26.9% Y/Y to R$326.6 million.
  • Financial income in was R$949.8 million, an increase of 157.5% Y/Y.
  • MSMB active payment clients reached 1,870,900, representing a net addition of clients of 167,500 in the quarter; and MSMB TPV was R$63.4 billion, up 93.3% Y/Y.
  • Adjusted EBITDA was R$817.3 million (+116.8% Y/Y), and the margin increased 2.9 percentage points sequentially to 39.5%.
  • STNE sold 21.5% of its stake in Banco Inter during the quarter through the cash-out option offered in their corporate restructuring.
  • Net cash provided by operating activities was R$795.2 million. As of March 31, 2022, StoneCo’s Adjusted Net Cash was R$2.41 billion
  • 2Q22 Outlook: StoneCo expects total revenue and income of R$2.15 billion and R$2.2 billion. Adjusted EBT is expected to be above R$185 million in 2Q22.
  • It expects MSMB TPV of R$67.0 billion and R$68.0 billion (up 70.7% to 73.2% year over year).
  • Price Action: STNE shares are trading higher by 19.1% at $12.40 during the post-market session on Thursday.

Posted In: BriefsEarningsNewsGuidance

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.