Financial PerformanceNon-GAAP net income of R$497mn increased 54% YoY (+10% QoQ) and was 5% above BofAe.
Market PositionManagement continued to execute on its strategy of gaining market share in the MSMB segment, growing into banking and credit products, and improving operating leverage.
Strategic InitiativesSTNE's new software strategy focuses on cross-selling merchant services to high potential verticals like retail, gas stations, food, and pharmacies.