夜报|DLO22Q1财报跟踪，财报略超预期

dLocal 为新兴市场的本地支付提供动力，将全球企业商人与亚太地区、中东、拉丁美洲和非洲 30 多个国家的数十亿新兴市场消费者联系起来。通过"一个 dLocal"平台（一个直接 API、一个平台和一个合同），全球公司可以在全球范围内接受付款、发送付款和结算资金，而无需管理单独的支付和支付处理器，建立许多本地实体，并在每个市场集成多个收购方和支付方式。

22Q1

Total Payment Volume (“TPV”) reached US$2.1 billion in the quarter, representing 127% year-over-year growth compared to US$926 million in the first quarter of 2021.

Revenues in the first quarter of 2022 amounted to US$87.5 million, representing 117% year-over-year growth compared to US$40.3 million in the first quarter of 2021 and 15% growth compared to $76.3 million in the fourth quarter of 2021.营收同比增长117%，环比增长15%。

Gross profit was US$43.6 million in the first quarter of 2022, representing 87% year-over-year growth compared to US$23.3 million in the first quarter of 2021 and 12% growth compared to US$38.9 million in the fourth quarter of 2021.毛利同比增长87%，环比增长12%。

Adjusted EBITDA was US$32.9 million in the first quarter of 2022, representing 84% year-over-year growth compared to US$17.8 million in the first quarter of 2021 and 13% growth compared to US$29.1 million in the fourth quarter of 2021.同比增长84%，环比增长13%。

Adjusted EBITDA Margin was 38% in the first quarter of 2022 compared to 38% in the fourth quarter of 2021 and 44% in the first quarter of 2021.

Profit for the first quarter of 2022 was US$26.3 million, or US$0.08 per diluted share, compared with profit of US$16.9 million, or US$0.06 per diluted share, for the first quarter of 2021 and with profit of US$23.5 million, or US$0.08 per diluted share, for the fourth quarter of 2021.

#Q1营收新高，增长非常出色。盈利能力略有下滑。南美

其他重要数据

第一季度净收入保留率达到190%。来自New Merchants的收入为1090万美元，而2011年第一季度为680万美元。

截至2022年3月31日，dLocal拥有4.101亿美元的现金、现金等价物和有价证券。

业绩指引

#业绩指引上调少许

S：

公司业绩超预期。公司上市前就已经实现了大规模盈利，同时目前仍然兼具高速增长。

目前已经是连续两个季度业绩beats了，财报期内仍然下跌超30%，跑输纳指。

2022前瞻PEG预计小于1x，目前估值回到了IPO发行价的区间，我认为当前估值属于便宜范围。

最近跟踪：夜报|DLO21Q4财报跟踪，增长强劲

这家公司IPO始开始跟踪，关键词直达：

美股大观推荐搜索关键词列表：夜报输入股票代码

-

美股大观渠道专属