MercadoLibre's (MELI) Q4 Earnings Miss, Revenues Rise Y/Y

MercadoLibre (MELI) reported fourth-quarter 2023 earnings of $3.25 per share, which missed the Zacks Consensus Estimate by 51.2%. The bottom-line remained flat year over year. Revenues surged 41.9% on a year-over-year basis (83.2% on a FX-neutral basis) to$ 4.26 billion. The top line surpassed the Zacks Consensus Estimate by 2.83%. Total revenues were driven by accelerating commerce and fintech revenues, which grew 48% and 34% year over year to $2.46 billion and$ 1.8 billion, respectively. Revenues from MEL ...