MercadoLibre Q3 Earnings Highlights: 30% Revenue Growth For 27th Straight Quarter — 'The Best Is Yet To Come'

Core Insights - MercadoLibre Inc reported third-quarter revenue of $7.41 billion, a 39% year-over-year increase, surpassing the consensus estimate of $7.22 billion [2] - The company reported earnings per share of $8.32, which fell short of the consensus estimate of $9.68 per share [2] - This marks the 27th consecutive quarter of year-over-year revenue growth of 30% or more [3] Financial Performance - Total payment volume reached $71.2 billion, up 41% year-over-year [3] - Gross merchandise volume was $16.5 billion, reflecting a 28% year-over-year increase [3] Regional Growth - Unique buyers in Brazil increased by 29% year-over-year, the fastest growth since Q1 2021 [4] - In Argentina, sold items rose by 34% year-over-year, demonstrating resilience amid a challenging macroeconomic environment [4] Strategic Initiatives - The company is expanding into advertising and loyalty segments to capture additional revenue from increased online engagement in Latin America [5] - MercadoLibre aims to enhance financial inclusion and e-commerce penetration in the region, indicating a commitment to disciplined investment for future growth [6] Market Performance - Following the earnings report, MercadoLibre's stock declined by 1.22% to $2,268 in after-hours trading, within a 52-week range of $1,646 to $2,645.22 [6]