Question-and-Answer SessionGood morning. So Martin, thanks for being here again. I started with a similar question last year where I asked you about the unlock of the value of the ecosystem across fintech and e-commerce. And when you look at the progress that you've made in the year-to-date, it feels like there's been some really important initiatives. Can you talk a little bit about the initiatives between Pago and the marketplace and the results you've driven so far?Martin de Los SantosEVP & CFO Yes, defi ...

Core Viewpoint - MercadoLibre, Inc. (NASDAQ: MELI) stands out as a resilient investment opportunity amidst economic uncertainty and trade tensions, showcasing strong financial performance and a diversified business model [1][12]. Company Overview - MercadoLibre is the leading e-commerce platform in Latin America, with a business model that includes logistics (Mercado Envios), digital payments (Mercado Pago), financial services (Mercado Credito), and storefront solutions (Mercado Shops) [2][3]. - The company has a current stock price of $2,139.92, with a 52-week range between $1,341.00 and $2,374.54, and a P/E ratio of 56.76 [2]. Financial Performance - In Q4 2024, MercadoLibre reported a revenue increase of 37% year-over-year to $6.06 billion, surpassing estimates of $5.94 billion, with EPS at $12.61, exceeding the consensus of $10.21 [7]. - The commerce revenue rose 44% to $3.6 billion, while fintech revenue increased by 29% to $2.5 billion [7]. - The company achieved a record net income of $639 million, with gross merchandise volume (GMV) rising 8% to $14.5 billion and total payment volume (TPV) soaring 33% to $58.9 billion [8]. Market Position and Analyst Sentiment - MercadoLibre's stock has gained over 25% year-to-date, contrasting with the S&P 500's decline, indicating strong market positioning and resilience [4]. - The stock is currently covered by 16 analysts, with 15 rating it a Buy, and a consensus price target of $2,464.67, suggesting a 16% upside from current levels [9][10]. - Institutional ownership stands at 88%, with significant net inflows over the past year, indicating strong confidence in the company's long-term prospects [10][11]. Technical Analysis - The stock has shown technical strength, recently reclaiming short-term moving averages and trading above $2,100, suggesting positive momentum ahead of the upcoming earnings report [5][6].

Core Viewpoint - Eightco Holdings Inc. reported a significant decline in financial performance for the fiscal year ended December 31, 2024, with a focus on improving its cost structure and capital management to enhance shareholder value [2][8]. Financial Performance Summary - Revenues for 2024 were $39.6 million, a decrease from $67.6 million in 2023, attributed to reduced capital available for cell phone sales following the repayment of a convertible note [4][8]. - Cost of revenues decreased to $33.6 million in 2024 from $61.3 million in 2023, leading to a gross profit of $6.0 million, down from $6.2 million [4][8]. - Total operating expenses were reduced to $14.2 million in 2024 from $16.9 million in 2023, with selling, general, and administrative expenses decreasing to $12.8 million from $14.8 million [4][8]. - The operating loss improved to $(8.2) million in 2024 compared to $(10.7) million in 2023, indicating a positive trend in operational efficiency [4][8]. Strategic Focus - The company is committed to the growth of its subsidiary, Forever 8 Fund, LLC, which serves as an inventory capital and management platform for e-commerce sellers [5]. - Eightco is actively pursuing strategic acquisitions to enhance its portfolio of technology solutions within the e-commerce ecosystem [5].

Core Insights - Shopify has become Canada's second-largest company by market capitalization, surpassing $126 billion since its IPO ten years ago [1] - Investors who bought shares at the IPO price have seen their investments grow significantly, with a $1,000 investment now worth over $38,000 [2] - The company's e-commerce platform and ecosystem have been key drivers of its growth, allowing users to create customizable websites without programming skills [2][3] Company Performance - Shopify's stock reached record highs during the pandemic, but faced challenges when it attempted to build a shipping and fulfillment business, leading to losses [3] - The company has since returned to profitability, with net income projected to reach $2 billion in 2024, up from $132 million in 2023 [4] - Revenue is expected to grow at a mid-20s percentage rate this year, indicating continued profit growth [4] Stock Valuation - Shopify's stock is currently selling at over a 40% discount from its all-time high [5] - With the company back on a growth trajectory, the value of shares is expected to increase significantly in the coming years [5]