Movida (MOVI3) reversed a prior loss, reporting a Q1 2024 net profit of R$ 61.7 million ($12.09 million). Additionally, their EBITDA soared to R$ 1.059 billion ($207.65 million), reflecting a 21% year-on-year increase. The company’s adjusted EBITDA margin for rental revenues peaked at 68.3% in the first quarter. Consequently, net revenue surged by 11.8%, totaling […]
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