joining Thanks, today. us everyone, for
of Let highlights for me main the our overview quick a quarter. begin with
TPV Despite returned a Argentina, gross see extraordinary admittedly profit. the ourselves After we've comparison, driven in both we by soft and quarter results quarter, how once a by We're XXXX we an see evolving. in record delivering again tough encouraged consistently of to gaining momentum. gains first business
XXXX. momentum. quarter margins, that quarter and gained A weak has positive have position throughout cash all admittedly Our after cash off year conversion improved started
off starting our with detail go me now, results. top Let greater into line
our to to over significant our base global seeking ability both existing across emerging partner of as continued as merchants, trusted to share payment with reaccelerating onboard new merchant driven growth, deliver our continue for total underscoring volume position expand a companies our global to well markets. as of We do by XX% business year-over-year, things wallet
this cross-border performance We and in more in verticals, in Our Colombia in ramped Software-as-a-Service, Argentina, Notably, ride-hailing countries, operations methods Africa. Egypt volume in very mark was and first Mexico, South time services, financial for surpassing strong performance and advertising, Latin offered other and logos payment increased more quarter in of volume payment $X billion across share countries in We our diverse on-demand up higher take gained across with delivery, Africa verticals. commercial record products. important in the and as wallet rate America, ever. well business, cross-border mainly reported strong quarterly the the and as Asia Peru, Other flows we
as robust, including merchants. opportunities both existing pipeline new well remains as merchants Our with growth
transfer money major successfully largest them of significant companies serve During and remittance players, the America, to of including Latin one global payment and and we the integrated MoneyGram, providers Africa services, Asia. period, other across
fintech serve one Asian of up which of with We largest Asia. Brazil main companies, have in one the with out in expanding them, live to the commerce also players, also gone regions volumes continue of now we the ramp global and
profitability. to on Moving
developed efficiencies XXXX. since such with profit offerings complexities solving world. consequence that power continuous We business more which for and in those differentiates global us This with pricing grants real value our emerging payments million renegotiating the from resilience at despite currencies. the pursuit market weaknesses of quarter's our $XX This our the in as value take rates emerging of X.X% gross markets reached most QX stable in of model. achieved differentiated a is and commoditized showcase processors, record across proposition, we results results merchants, net We see of cost
currency main Brazil, would and the gross higher Egypt have Argentina, applying XX% or our have rates approximately over growth growth during been and markets, a XX% currency Q-on-Q quarter our Nigeria, across growth Mexico, perspective, From X% would profit constant XXXX TPV quarter-over-quarter. third been
investments for EBITDA million reached adjusted team, our all license crucial long-term $XX back-office capabilities engineering success. Our continued portfolio, despite in our and our
second model, the leverage, expense business deliver margin Although adjusted and profit adjusted EBITDA inherent growth with long-term of operational over in control operational at this down disciplined leverage increased now year-over-year, XX%. gross ambitions. general was EBITDA consecutive demonstrates philosophy to of our the our represents quarter This investment
Cash generation, model, was financial another strength also solid. in our
had months, minus excluding past we XXX% the X million, merchant cash conversion net activities, of income. from cash $XX CapEx practically net a operating accounting During to to funds,
and deployments how competitors. I'd development from core we product differentiate on now shed cover like light to the technology during what our and some quarter is further offering that
costly, backdrop have emerging characterized that they is always they're landscape Some performance. still the three market are fragmented, where remember lower factors: payments main they're and of where operate context, an we by
rely requests minor, quarter, to our our optimize points to on the maximize as models rates the may and It additional X.XX therefore, functionality, it conversion in practical merchants. of During rates board. revenue an by country we routing Smart performance but across that merchants. and improving percentage sound launched terms, boosting per transaction average so chaining our machine smart learning represents, actually isn't. requests authorization It our X.X% for
rate. stable develop achievement to to optimize net cost gross continued also models take We've processing calculation contributed also advanced real-time which profit costs, our increasingly and to
of A launch and third methods. been payment our promising area alternative innovation new of has
efforts global our we've add expansion adopted our and successfully in method our value APM. to with integrations this of our Brazil various widely feature ongoing more set countries and infrastructure to of merchants, Nupay part merchants. deepen an in represents As with This deployed footprint advanced payment for
unified their orchestration own smart option, stand-alone allows reporting, to which Finally, we a contracting our retain directly payment and to obtaining launched and each market. in fraud our a offerings, suite while detection licenses with new processors product merchants of routing,
it Although relevant add this single take our share through to model our in clients conversion connection and acquiring delivering to value results. of merchants to cost with enhances costs, ability a and net continues capture and API product while optimized wallet may result lower of functionalities rate
of future the these our the improvements potentially deepen of to in, as All to enhance solutions, the well we development of streams. platform, new throughout as operate and stickiness competitive products, bring revenue serve advantages the our markets
invest this auxiliary payment system in and services financial license provider Ecuador money international obtaining transfer Lastly, in payment expanding our in see service complex and is operator volatile license and advantages. We and growing valuable portfolio we it continue deepening still to of property a system very license portfolio, to across markets in our emerging a Nigeria, competitive an operators quarter a Uganda. adding every as license intellectual
hitting line performance absolute Wrapping the up, QX, things holding for margins declines, and improving through plan OpEx. short, consistently In take the record we're quarter TPV, profit the sequential after dollar showing a reduced direction. our right delivering rate best in gross on on are outlined ever for trending
financials. a I'll quarter hand Mark take walk of to you through and our more results that, overview through Maria detailed to to then key to us third it With over
