StoneCo Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was BRL 2,304.1 million compared to BRL 613.4 million a year ago. Net loss was BRL 489.3 million compared to net income of BRL 526 million a year ago. Basic loss per share from continuing operations was BRL 1.56 compared to basic earnings per share from continuing operations of BRL 1.72 a year ago.
For the six months, revenue was BRL 4,374.4 million compared to BRL 1,481.1 million a year ago. Net loss was BRL 802.3 million compared to net income of BRL 684.3 million a year ago. Basic loss per share from continuing operations was BRL 2.57 compared to basic earnings per share from continuing operations of BRL 2.23 a year ago.