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PAGS-News
PAGS-Events
PagSeguro Announces Q3 EPS of R$1.88, Up from R$1.66 Last Year
Reports Q3 revenue R$5.11B vs. RS$4.83B last year. The company said, " The company said, "Our performance this quarter reflects both resilience and progress. During this quarter, we remained disciplined in executing our strategy, expanding our business while preserving profitability in a still challenging macroeconomic environment. Rising interest rates and subdued economic activity continue to weigh on the market, but our focus on financial discipline and operational efficiency has enabled us to protect the bottom line and deliver shareholder value. Higher cash-in volumes and strong customer engagement drove another quarter of robust Banking performance, reinforcing the strategic importance of this vertical within our ecosystem. Banking continues to gain relevance as a growth engine, supported by credit acceleration in the short term focused on working capital loans for merchants. I also highlighted all the efforts to expand our deposit franchise; at the same time, we are focusing on funding cost efficiency. Credit expanded 30%, with non-performing loan ratios remaining below industry levels. These results highlight the strength of our platform and our ability to scale complementary products in a prudent and sustainable way."
PagSeguro Appoints Carlos Mauad as New CEO
PagSeguro announced last night that its Board of Directors has appointed Carlos Mauad to serve as Chief Executive Officer and Gustavo Bahia Gama Sechin to serve as Chief Financial Officer and Chief Accounting Officer. Mauad has been with the company since September 2024, acting as Chief Operating Officer. Sechin has been with the company since August 2024, acting as Investor Relations Director. Alexandre Magnani, currently PagSeguro's Chief Executive Officer, and Artur Schunck, currently PagSeguro's Chief Financial Officer, Chief Accounting Officer and Investor Relations Officer, will step down from their respective executive positions.
Morgan Stanley: PagBank's leadership shifts indicate a need for strategic reevaluation.
Morgan Stanley analyst Jorge Kuri notes PagBank missed earnings, driven by its first-ever TPV contraction, which the firm calls "a clear validation" of its "end of growth thesis." Meanwhile, the CEO and CFO departures just 60 days after the strategic update suggest "a rethink of the way forward," argues the analyst, who maintains an Underweight rating and $7 price target on the shares.
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