Dlocal Ltd (NASDAQ:DLO) stock rose 9.70% (As on Mar 15, 11:58:00 AM UTC-4, Source: Google Finance) after the company beaten the earnings estimates for the fourth quarter of FY 21. Total Payment Volume (“TPV”) reached US$1.9 billion in the quarter, representing 145% year-over-year growth compared to US$757 million in the fourth quarter of 2020. Gross profit was US$38.9 million in the fourth quarter of 2021, representing 88% year-over-year growth compared to US$20.7 million in the fourth quarter of 2020 and 13% growth compared to US$34.4 million in the third quarter of 2021. Adjusted EBITDA was US$29.1 million in the fourth quarter of 2021, representing 112% year-over-year growth compared to US$13.7 million in the fourth quarter of 2020 and 10% growth compared to US$26.3 million in the third quarter of 2021. Adjusted EBITDA Margin was 38% in the fourth quarter of 2021 compared to 39% in the fourth quarter of 2020 and 38% in the third quarter of 2021.

DLO in the fourth quarter of FY 21 has reported the adjusted earnings per share of 8 cents, beating the analysts’ estimates for the adjusted earnings per share of 7 cents. The company had reported the adjusted revenue growth of 120 percent to $76.3 million in the fourth quarter of FY 21. Profit for the fourth quarter of 2021 was US$23.5 million, or US$0.08 per diluted share, compared with profit of US$11.6 million, or US$0.04 per diluted share, for the fourth quarter of 2020 and with profit of US$19.7 million, or US$0.06 per diluted share, for the third quarter of 2021. Capex for the full year reached US$48.0 million, which includes US$38.7 million for the acquisition of PrimeiroPay. As of December 31, 2021, dLocal had US$336.2 million in cash, cash equivalents and marketable securities, compared with US$293.1 million as of September 30, 2021 and US$111.7 million as of December 31, 2020. The quarter-over-quarter increase of US$43.1 million reflects an increase of US$40.2 million in the funds and an increase of US$2.9 million in funds due to the merchants with respect to the third quarter of 2021.

Moreover, the revenue from New Merchants was US$7.7 million for the fourth quarter of 2021 compared to US$6.1 million for the fourth quarter of 2020. On average, Enterprise Global Merchants used dLocal’s platform in more than seven different countries and 67 payment methods in 2021, compared to nearly six different countries and 44 payment methods in 2020.