Nu Holdings beat expectations with their latest earnings. Revenue grew 39% to $5.9 billion, and net income crossed $1 billion for the first time, up 49% from last year. The stock closed up over 9% after the report. Total accounts reached 138.9 million, up 13% year over year, which covers about 62% of adults in Brazil. Average revenue per user rose 22% to $17.10, while the cost to service an account remains around $1 per month. The stock had pulled back recently due to a CFO change and higher loan-loss provisions, an issue that also impacted MercadoLibre. Even after bouncing from its June low, NU is trading under 15 times next year's expected earnings. The company is continuing to expand in Mexico and Colombia, with plans to target the US market next.