Méliuz Second Quarter 2024 Earnings: Revenues Beat Expectations

Méliuz (BVMF:CASH3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$87.6m (up 22% from 2Q 2023).
• Net loss: R$59.3m (loss widened by R$55.2m from 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Méliuz Revenues Beat Expectations

Revenue exceeded analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Interactive Media and Services industry.

Performance of the market in Brazil.

The company's shares are up 13% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Méliuz that you should be aware of.

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