Cielo’s Financial Performance in Q2 2024

Cielo S.A. (CIEL3), a leading Brazilian payment processor, reported a recurring net income of R$ 385.6 million ($67.3 million), down 20.7% year-over-year. This decline primarily resulted from reduced EBITDA, partially offset by improved financial results. Cielo’s EBITDA fell 49.2% to R$ 727 million ($126.9 million), mainly due to a non-recurring event in Q2 2023 and […]