MercadoLibre Stock Slips After Q2 Earnings Report: Details

Core Insights - MercadoLibre reported second-quarter earnings of $10.31 per share, missing the analyst consensus estimate of $12 [1] - Quarterly revenue reached $6.79 billion, exceeding the Street estimate of $6.55 billion and up from $5.07 billion year-over-year [1] - The stock declined 6.09% to $2,250 in after-hours trading [3] Financial Performance - Items sold in Commerce increased by 31% year-over-year [4] - The user base in Fintech grew by 30% year-over-year [4] - Mercado Pago's credit portfolio expanded by 91% year-over-year [4] - Advertising revenue rose by 38% year-over-year [4] Strategic Initiatives - The company emphasized disciplined investments and consistent execution to strengthen its leadership in e-commerce, fintech, and digital advertising across Latin America [2] - Key highlights included the expansion of the free shipping program in Brazil, impactful marketing campaigns for Mercado Pago, and integration with Google Ad Manager to enhance advertiser reach [2]