NU Holdings Ltd (NU)

[UpTickMeA$AP]

$NU crushed earnings again!!! ARPAC grew by %105!!!!!! This company is going to the moon! Just a matter of time!

https://ih.advfn.com/stock-market/NYSE/nu-NU/stock-news/88840582/nu-holdings-ltd-reports-second-quarter-2022-finan?xref=ff_sidebar_quote


Operating Highlights:

Customer growth: Nu added 5.7 million customers in the quarter reaching a total of 65.3 million customers in Brazil, Mexico and Colombia. This represents a 57% growth year-over-year (YoY), reinforcing Nu’s positioning as one of the largest digital banking platforms globally.
Engagement and activity rates: Average Revenue per Active Customer (ARPAC) expanded to $7.8, growing by 105% on a FX neutral basis (FXN)1. Activity rate hit a new historical-high mark growing to 80%. Nu has become the primary bank for over 55% of the monthly active customers that have been with Nu for over a year.
Low-cost operating platform: Monthly Average Cost to Serve Per Active Customer reached $0.8, remaining flat YoY and FXN.
Asset Quality: lead indicators have remained stable and asset quality followed its normalization post pandemic: Nu’s NPL 15-90 remained stable at 3.7%, while 90+ reached 4.1% in line with expectations.