StoneCo Ltd. Releases Preliminary Fourth Quarter 2018 Operational Metrics
Announces Participation in Upcoming Investor Conferences
Provides Details for Fourth Quarter and Fiscal Year 2018 Earnings Results
Preliminary Operational Metrics for the Fourth Quarter of 2018
- Take rate1 in the fourth quarter of 2018 was 1.88%, a 30 basis point increase versus the fourth quarter of 2017 and a basis point increase versus the third quarter of 2018.
- As of
December 31, 2018the Company had 267.9 thousand active clients, up 104.1% from 131.2 thousand on December 31, 2017. The net addition of active clients in the fourth quarter was 33.5 thousand, an improvement in net addition per sales force working day2 compared to the third quarter of 2018.
- Total Payment Volume (TPV) was
R$26.6 billionin the fourth quarter of 2018, an increase of 73.8% from R$15.3 billionin the fourth quarter of 2017.
“We are pleased to report strong fourth quarter 2018 operating metrics,” said
Upcoming Investor Conferences
The Company will be attending the following investor conferences:
Tuesday, January 29, the Company will attend the Credit Suisse2019 Latin America Investment Conferencein São Paulo, Brazil.
Wednesday, February 13, the Company will attend the Goldman Sachs Technology & Internet Conferencein San Francisco, CA.
Thursday, February 21, the Company will attend the Itaú BBA Conferência de Bancos e Serviços Financeiros in Sao Paulo, Brazil.
Monday, February 25, the Company will attend the Morgan Stanley US Equities TMT Conferenceat The Palace Hotelin San Francisco, CA.
The Company will release its complete fourth quarter and fiscal year 2018 financial results on
Stone is a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their business over time through technology. For more information please visit https://www.stone.co/.
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Stone’s control.
Stone’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: more intense competition than expected, lower addition of new clients, regulatory measures, more investments in our business than expected, among other factors.
Investor Relations: StoneIR@icrinc.com
1Take rate means the sum of net revenue from transaction activities and other services, net revenue from subscription services and equipment rental and financial income, divided by TPV
2Working day considers the number of days our sales force is active, excluding days of collective vacations in December
Source: StoneCo Ltd.