Sign in

    Maria Infantozzi

    Research Analyst at Itaú BBA

    Maria Clara Infantozzi is an Equity Research Associate at Itaú BBA, specializing in the coverage of Latin American consumer and technology companies such as TOTVS and Guararapes. Her research reports demonstrate a robust assessment framework, consistently applying ratings such as Outperform, Market Perform, and Underperform, with documented success rates where 56% of recommendations outperform market averages. Infantozzi has focused on the Brazilian Consumer Goods & Retail sector since joining Itaú BBA and has contributed to recognized industry reports, building her analyst experience in the region's financial services landscape. She holds analyst certification for securities, reflecting her compliance with institutional standards and regulatory practices.

    Maria Infantozzi's questions to VTEX (VTEX) leadership

    Maria Infantozzi's questions to VTEX (VTEX) leadership • Q1 2025

    Question

    Maria Infantozzi requested more color on the subscription revenue composition by geography and category, and asked about the economics of the Retail Ads Media business and its impact on the 2025 guidance.

    Answer

    Co-Founder and Co-CEO Geraldo Thomaz Jr. provided qualitative color, noting that new customer go-lives like Americanas in Brazil are contributing to growth, but declined to give a specific breakdown. Regarding retail media, he explained that the business is not yet material but is growing rapidly after the Newtail acquisition, which added nearly 400 advertisers to the network, creating a strong competitive position for future monetization.

    Ask Fintool Equity Research AI