Pagseguro Digital (PAGS) has released an update.
PagSeguro Digital reports a record-setting second quarter in 2024, with a 30.5% year-over-year increase in Non-GAAP Net Income, reaching R$542 million, and a 30.8% surge in GAAP Net Income. The company’s Total Payment Volume (TPV) and revenues hit an all-time high, attributed to the growth across all customer segments and a robust banking platform that enhanced user experience. These financial achievements are supported by a strategic go-to-market approach, improved liability management, and diversified funding, which together bolstered the company’s financial efficiency.
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