Movida Participações S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was BRL 21.05 million compared to BRL 258.09 million a year ago. Basic earnings per share from continuing operations was BRL 0.058 compared to BRL 0.714 a year ago.

Diluted earnings per share from continuing operations was BRL 0.058 compared to BRL 0.713 a year ago.