StoneCo announced robust financial results for the third quarter of 2024, with adjusted net profit increasing by 35% year-over-year. The company's revenue reached R$3.36 billion, marking a 14% increase compared to the same period in the prior year. This performance indicates strong operational execution and effective monetization strategies.
Adjusted EBIT also saw a significant rise of 35% year-over-year, reflecting improved profitability across its operations. Furthermore, adjusted basic EPS demonstrated an impressive 43% year-over-year increase, highlighting enhanced shareholder value.
These results underscore StoneCo's ability to deliver growth despite prevailing macroeconomic conditions. The strong performance was primarily driven by its financial services segment, which continues to be a key growth engine for the company.
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