By Adriano Marchese
Nu Holdings shares rose in premarket trading Friday after the company reported strong revenue growth and new customer growth in the second quarter.
Shares traded 10% higher ahead of the morning bell at $13.25.
The Brazil-based fintech company said late Thursday that it had onboarded 4.1 million new customers in the period, which represented a 17% increase year-over-year, taking the new total to 123 million.
This supported revenue growth of 40% year-over-year to $3.7 billion, topping Wall Street forecasts, which had expected more modest increase to $3.2 billion, according to FactSet.
Net Income increased to $637 million, compared with $487.3 million the prior year.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
August 15, 2025 06:41 ET (10:41 GMT)
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