Nu Holdings experienced significant growth with the addition of 4.3 million new customers last quarter, bringing the total to 119 million across Latin America. In Brazil, margins remain strong even under SELIC pressure, while investments in Mexico and Colombia are causing near-term cost friction. Analysts predict record revenue and a 17% sequential increase in earnings for Q2 FY2025, indicating a potential re-rating of the stock. Total loan originations achieved record levels, with a 64% year-on-year increase, particularly in unsecured loans. Mexico's revenue almost doubled to $245 million as the company secured a full banking license.
Nu Holdings added 4.3 million new customers last quarter, achieving a total of 119 million customers in Latin America. This growth momentum is significant.
Brazil demonstrates strong margins despite the SELIC pressure, while investments in Mexico and Colombia are inducing temporary cost friction.
Analysts anticipate a record revenue for Nu Holdings, projecting a 17% sequential increase in earnings, which could lead to a re-rating of the company's stock.
Computing estimates suggest Q2 FY2025 revenue could hit $3.67 billion, with a considerable year-on-year growth of 28.8%, indicating robust business potential moving forward.
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