PagSeguro Digital Ltd., together with its subsidiaries, engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally.

• Better Than Expected Results- The company has reported better than expected results as it reported second quarter financial results and reported strong consumer demand and continued demand for the services.

• We expect the momentum to continue and it to report better financial results in the next financial quarter, the stock has also become oversold which reflects a surge may be on the way.

• Total deposits increased by 87.2% compared to Q2 2023, primarily due to a +126.6% year-on-year increase in Banking Issuances, including Certificate of Deposits issued on and off-platform. Checking Accounts also increased by 39.4% year on year, reaching R$ 11.5 billion with an Annual Percentage Yield (APY) of 68% CDI.
• Total Revenue and Income reached R$ 4,557 million in Q2 2024, up 19.1% from Q2 2023, driven by stronger revenues in the Payments area, as indicated below.

• Banking: In Q2 2024, Gross Profit was R$ 261 million, up 48.4% year on year, owing to an increase in interest revenue from our credit portfolio as well as higher returns on financial investments throughout the period.

• Administrative Expenses increased by 2.3% to R$ 165 million in Q2 2024 from R$ 162 million in Q2 2023. This increase was primarily due to higher expenses for supporting strong operational performance, including technology services, and higher personnel expenses compared to the previous year.

                                                                                 Acrobull UK Recommendation Based on Evaluation