Brazil · Delayed Price · Currency is BRL Locaweb Serviços de Internet Earnings Call Transcripts
Fiscal Year 2026
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Double-digit revenue growth was driven by strong commerce and subscription performance, with record EBITDA and margins. AI-powered solutions and portfolio optimization boosted efficiency, while the SME-focused Bling platform was repositioned for broader market reach.
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Revenue grew 10% year-over-year, with strong gains in commerce and subscriptions, and EBITDA margin reached 25.1%. AI-driven features and cloud services are driving operational efficiency and customer growth, while capital returns and innovation remain priorities.
Fiscal Year 2025
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Q4 2025 saw double-digit revenue and EBITDA growth, robust cash generation, and strong TPV expansion, driven by operational leverage, AI integration, and portfolio optimization. The launch of a new cloud solution and continued focus on integrated services position the company for further growth amid macroeconomic uncertainties.
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Q3 2025 saw accelerated growth, with net revenue up 10.9% and adjusted EBITDA up 18.1% year-over-year. Strategic divestments, product innovation, and strong cash generation supported profitability, while management expects continued growth above inflation and a rising share of transactional revenue.
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Q2 2025 saw accelerated revenue and EBITDA growth, driven by e-commerce and AI adoption, with strong cash generation and robust segment performance. Strategic initiatives in cloud and financial services are progressing, and outlook remains positive for the year.
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Q1 2025 saw 8.8% revenue growth and 15.1% higher adjusted EBITDA, with strong GMV and TPV gains. Integration of ERP, logistics, and AI tools is driving SME value, while shareholder returns remain a priority. Growth is expected to accelerate through 2025.
Fiscal Year 2024
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2024 saw robust growth in GMV, subscription revenue, and profitability, with a focus on operational efficiency and cash generation. The company returned over BRL 200 million to shareholders and will accelerate growth in 2025 using existing assets, with clearer financials as earnout-related volatility ends.
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Q3 2024 saw strong margin and profit growth, with gross profit up 20% and adjusted EBITDA up 36% year-over-year. Commerce revenue rose 18% excluding Squid, and new product launches and operational efficiencies drove results. Cash generation remains robust, supporting buybacks and dividends.
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Ecosystem GMV grew 22.5% year-over-year, with strong gains in gross margin, EBITDA, and net profit. Commerce and platform segments outperformed, while new financial services and digital accounts are set to accelerate in 2025. Cash flow and capital allocation remain robust.