Shares fell 3.1% as investors reacted negatively to margin compression driven by incremental cost pressures in Commerce and acquiring, coupled with a cautious outlook on pricing power despite revenue growth.
- Net revenue surpassed $10 billion, growing 50% year-over-year.
- EBIT margin declined 550 basis points year-over-year to 6.7%, stable sequentially but pressured by continued strategic investments.
- Margin improvement in credit offset by compression primarily in acquiring (Mexico) and Commerce investments, including lowered take rates and promotions in Brazil.
- Credit portfolio grew 75% year-over-year to $16.4 billion, maintaining solid asset quality with stable NPLs near historical lows.
- Adjusted free cash flow of $214 million after significant capital expenditures and credit book investments totaling $2.1 billion.
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