Categories Earnings, Technology

StoneCo (STNE) Q4 2019 Earnings Snapshot

— StoneCo (NASDAQ: STNE) reported fourth quarter 2019 adjusted earnings of BRL 275 million, which was up 76% from BRL 155.9 million in the fourth quarter of 2018.

— Total revenue and income rose 48% year-over-year to BRL 782.9 million.

Earnings Update by AlphaStreet

— On a reported basis, net income was BRL 264 million in 4Q19, compared to BRL 127.1 million in 4Q18.

— Revenue from Transaction Activities and Other Services increased 32% to BRL 230.3 million and revenue from Subscription Services and Equipment Rental grew 32% to BRL 916 million in the fourth quarter of 2019.

— Total payment volume increased 51% to BRL 40.2 million.

— Active clients rose 84% to 495,100, with strong total net addition of 66,200 in the fourth quarter.

— STNE stock, which climbed 9.95% in the regular session today, was broadly unchanged in the after-hours session.

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Also Read:  HP Inc. (HPQ) Q4 2020 Earnings Call Transcript

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