FG Trade/E+ via Getty Images Investment Thesis MercadoLibre (NASDAQ:MELI) delivered a whopping strong Q2 204 earnings result. Not only were its revenues very strong, but its profit margin was the best in many years. Moreover, MercadoLibre's balance sheet is now in a very powerful position, which leaves MercadoLibre with ample flexibility to make a large needle-moving acquisition. And yet, according to my estimates, the stock is now priced at approximately 50x this year's free cash flow. In sum, although ...

Leila Melhado Introduction On Thursday, after the market closed, MercadoLibre (NASDAQ:MELI) reported its Q2 2024 earnings and let me tell you from the start that I was really impressed. If you don't know Mercado Libre (well), here's a quick introduction. Mercado Libre is the leading e-commerce and fintech company in Latin America. It all started with a marketplace, think Amazon, and over the years, it has extended to a whole platform. This is what the company added over the years: MercadoPago: A digita ...

MercadoLibre (MELI) reported $5.07 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 48.6%. EPS of $10.48 for the same period compares to $5.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.76 billion, representing a surprise of +6.50%. The company delivered an EPS surprise of +20.18%, with the consensus EPS estimate being $8.72.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 -OR- ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-33647 MercadoLibre, Inc. (Exact name of Registrant as specified in its Charter) Delaware ...

MercadoLibre (MELI) reported second-quarter 2024 earnings of $10.48 per share, which beat the Zacks Consensus Estimate by 20.2%. The company reported earnings of $5.16 per share in the year-ago quarter.Revenues surged 42% on a year-over-year basis (113% on a FX-neutral basis) to $5.07 billion. The top line surpassed the Zacks Consensus Estimate by 6.5%.Total revenues were driven by accelerating commerce and fintech revenues, which grew 53.4% and 27.5% year over year to $2.97 billion and $2.1 billion, respec ...

A strong earnings report helped the e-commerce company buck the broader sell-off.Shares of MercadoLibre (MELI 10.59%), the Latin America e-commerce giant, were climbing today even as the broad stock market collapsed following a weak unemployment report.MercadoLibre was shining after delivering a strong earnings report last night, posting another round of breakout growth. The stock was up 10% as of 12:01 p.m. ET on Friday. MercadoLibre keeps growing and growingThe company reported revenue growth of 42% (or 1 ...

MercadoLibre stock is soaring after earnings beat expectations.In this video, I will be talking about MercadoLibre's (MELI 9.56%) recent earnings report and why it might be the best e-commerce stock to own right now. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 1, 2024. The video was published on Aug. 1, 2024. ...

Financial Data and Key Metrics Changes - MercadoLibre reported revenues of $5.1 billion, growing above 40% year-on-year [10] - Income from operations reached $726 million, with net income of $531 million, resulting in a net income margin of 10.5%, the highest in the last eight years [10][24] - Net income grew by 100% year-on-year, reflecting strong performance despite challenges in Argentina [23] Business Line Data and Key Metrics Changes - In Commerce, sold items and unique buyers saw the highest growth since 2021, with GMV in Brazil growing by 36% [7][10] - Fintech Services surpassed 50 million monthly active users for the first time, with significant growth in asset under management and credit card issuance [9][10] - The credit card portfolio grew significantly, with 1.6 million new cards issued during the quarter [9][24] Market Data and Key Metrics Changes - Brazil's GMV growth of 36% marked the highest level since 2021, while Mexico maintained momentum with successful promotional events [7][10] - Argentina showed a positive growth in items sold, reversing the negative trend from Q1 [8][10] Company Strategy and Development Direction - The company aims to democratize commerce and financial services in Latin America, focusing on innovation and technology to enhance user experience [5][6] - Recent innovations include the launch of a fulfillment center in Texas and the introduction of robotics in distribution centers to improve logistics efficiency [11][12][15] - The strategy emphasizes synergies between commerce and fintech, leveraging credit solutions to drive growth in both areas [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth opportunities, highlighting the importance of innovation and operational efficiency [6][10] - The company remains focused on expanding its logistics network and enhancing its fintech offerings, despite macroeconomic challenges [87][90] Other Important Information - The company launched SLOW shipments and MELI Delivery Day to optimize logistics and improve customer experience [13][14] - The implementation of AI across various business units aims to enhance efficiency and customer engagement [49][52] Q&A Session Summary Question: Interplay between commerce and fintech - Management noted that credit solutions are fueling growth in commerce, with strong performance in Brazil and Mexico [18][19] Question: Operating leverage and potential headwinds - Management acknowledged strong EBIT results but highlighted bad debt provisioning as a factor affecting margins [23][24] Question: Impact of Meli Más and MDD on GMV - Meli Más is generating higher engagement and GMV, while MDD adoption is trending upwards [28][30] Question: Cross-border ambitions and distribution center role - Cross-border remains a significant opportunity, with the Texas center complementing offerings in Mexico [42][43] Question: Credit quality and NIMAL trends - NIMAL deterioration is attributed to the growth of the credit card portfolio, but overall credit quality remains strong [70][72] Question: Market share and growth in Brazil - Management expressed pride in gaining market share in Brazil, with sustained growth rates exceeding market averages [78][83] Question: Macro environment impact on fintech - The company remains focused on growth despite macroeconomic fluctuations, emphasizing the secular trend towards digitalization [87][90]

MercadoLibre (MELI) came out with quarterly earnings of $10.48 per share, beating the Zacks Consensus Estimate of $8.72 per share. This compares to earnings of $5.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.18%. A quarter ago, it was expected that this operator of an online marketplace and payments system in Latin America would post earnings of $6.64 per share when it actually produced earnings of $6.78, delivering a ...

Online Latin America commerce and payments company Mercado Libre MELI reported second-quarter financial results after market close Thursday.Here are the highlights.What Happened: Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue beat a Street consensus estimate of $4.68 billion, according to data from Benzinga Pro.The company reported a 36% year-over-year increase in total payment volume for the second quarter and a 20% year-over-year rise in gross ...