Nubank Shares Slide After First Quarter Earnings

Nubank Shares Slide After First Quarter Earnings

Shares of Nu Holdings Ltd., one of the world’s biggest digital banks, fell after reporting first quarter results.

David Vélez, co-founder of Nubank/Photo: courtesy Nubank Nu Holdings (Nubank), one of the largest digital banking platforms in the world, today published its unaudited results for the quarter ended March 31, 2025, according to which it reported growths in revenues, profits and customers. According to the bank, net profit increased by 74% year-on-year in terms of FXN (neutralized by exchange rate effect), reaching US$557.2 million, compared to US…

Results represent a high of 61.8% in the annual comparison and a decrease of 0.4% before the 4th quarter of 2024