DLocal Limited (NASDAQ:DLO) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET
Company Participants
Pedro Arnt - Chief Executive Officer
Maria Oldham - Senior Vice President of Corporate Development, Investor Relations & Strategic Finance
Mark Ortiz - Chief Financial Officer
Conference Call Participants
Tito Labarta - Goldman Sachs
Soomit Datta - New Street Research
Guilherme Grespan - JPMorgan
Carlos Gomez - HSBC
Cassie Chan - Bank of America
John Coffey - Barclays
Jamie Friedman - Susquehanna International Group
Matt Coad - Autonomous Research
Operator
Good day, and thank you for standing by. Welcome to the DLocal Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be question-and-answer session. [Operator Instructions]
I would now like to hand it over to the company.
Unidentified Company Representative
Good afternoon, everyone, and thank you for joining the second quarter 2024 earnings call today. If you have not seen the earnings release, a copy is posted in the Financial section of the Investor Relations website.
On the call today, you have Pedro Arnt, Chief Executive Officer; Mark Ortiz, Chief Financial Officer; Maria Oldham, SVP of Corporate Development Strategic and Investor Relations; and Mirele Aragão, Head of Investors Relations.
A slide presentation has been provided to accompany the prepared remarks. This event has been broadcast live via webcast, and both the webcast and presentation may be accessed through DLocal's website at investor.dlocal.com. The recording will be available shortly after the event is concluded.
Before proceeding, let me mention that any forward-looking statements included in the presentation or mentioned in this conference call are based on currently available information and DLocal's current assumptions, expectations and projections about future events. While the company believes that our assumptions, expectations and projections are reasonable given currently available information, you are cautioned not to place undue reliance on these forward-looking statements.
Actual results may differ materially from those included in DLocal's presentation or discussed in this conference call for a variety of reasons, including those described in the forward-looking statements and Risk Factor sections of DLocal's filings with the Securities and Exchange Commission, which are available on DLocal's Investor Relations website.
Now, I will turn the conference over to DLocal. Thank you.
Pedro Arnt
Hi. Thanks everyone for joining us today. Let me start us off with a summary of where things are as we hit the halfway mark in 2024. We continue to see strong growth in our business, achieving another quarterly record of $6.0 billion of TPV during Q2 2024. The evolution of this key metric demonstrates our continued ability to grow as we gain share of wallet from our global merchant base and add new merchants to the mix as well. It also underscores our unique value proposition as a trusted partner for some of the largest and most sophisticated global companies across emerging markets. This momentum is solid, and our pipeline remains robust, both within existing merchant opportunities and also new merchant logos, which is a promising leading indicator of long-term growth potential.