Interpretation: Nu Holdings exceeded Wall Street consensus estimates for revenue, driven by substantial growth in customer acquisition and engagement. The company maintained its EPS at the expected level, highlighting consistent profitability.

Revenue Performance by Segment

The performance across major revenue segments is detailed below:

Segment	Q3 2024 Revenue	YoY Growth
Total Revenue	$2.9 billion	56%

Interpretation: Nu Holdings achieved significant year-over-year revenue growth, demonstrating its effective expansion strategy and the increased adoption of its financial services across Latin America.

Key Developments and Operational Highlights

Customer Growth: Nu Holdings added 5.2 million new customers in Q3'24, totaling 109.7 million globally, with a 23% increase year-over-year.
Cost Efficiency: The average cost to serve per active customer remained below $1, showcasing strong operational leverage.
International Expansion: Rapid growth in Mexico and Colombia with nearly 9 million and over 2 million customers respectively.

Executive Commentary

David Vélez, CEO and founder of Nu Holdings, emphasized the strength of the company's business model and strategic expansion plans. He noted the record-high return on equity (ROE) and the continued success in expanding market share across Latin America.

Dividends and Share Repurchase Program

No information was provided regarding any dividends or share repurchase programs for this quarter.

Forward Guidance

The company did not provide specific forward guidance in its earnings release. However, the CEO's comments suggest ongoing investments in expanding their customer base and product offerings.

Stock Price Movement

Post-earnings release, Nu Holdings' stock experienced a slight decline of approximately 1.17%, reflecting market reactions to the financial report.

In summary, Nu Holdings delivered impressive financial results this quarter, highlighting its robust growth trajectory and operational efficiency, while strategically expanding its footprint in key international markets.

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