GAAP Net IncomePagSeguro reported GAAP net income of R$504 million, up 4% quarter-over-quarter and 31% year-over-year.
Operational EfficiencyPagSeguro laid-off approximately 5% of its headcount to improve operational efficiency and mitigate the negative impacts of higher interest rates.
Revenue GrowthRevenues continued to grow 20% driven by expansion into e-commerce, larger accounts, and Pix.