Impairment LossStone reported a net loss of R$2,922 million, due to the recognition of a R$3,558 million impairment loss for the software business unit.
Market PressureGrowth and profitability of merchant acquiring will likely come under significant pressure.
Net Income ProjectionsNet income for Stone is expected to decline over the next five years, in stark contrast to the current sell-side consensus which anticipates double-digit growth.