Pagseguro Digital (PAGS) has released an update.
PagSeguro Digital reported a robust 30% increase in net income for Q3 2024, reaching R$ 572 million, driven by diversified revenue streams and banking segment growth. The company saw a significant rise in total payment volume and cash-in, alongside a strong expansion in its credit portfolio. Additionally, PagSeguro initiated a share buyback program to optimize its capital structure, underlining its strategic focus on profitable growth.
For further insights into PAGS stock, check out TipRanks’ Stock Analysis page.
