MercadoLibre's (MELI) Q1 Earnings Beat, Revenues Rise Y/Y [Yahoo! Finance]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance
Revenues surged 36% on a year-over-year basis (94% on a FX-neutral basis) to $4.33 billion. The top line surpassed the Zacks Consensus Estimate by 9.9%. Total revenues were driven by accelerating commerce and fintech revenues, which grew 48.9% and 21.7% year over year to $2.5 billion and $1.84 billion, respectively. Revenues from MELI's advertising services grew 64% on a year-over-year basis and were equivalent to almost 1.9% of gross merchandise volume (GMV) at the end of the first quarter. Increasing total payments volume (TPV), courtesy of the robust Mercado Pago, aided the company. MercadoLibre's rising GMV remained another positive. Strong momentum across Brazil and Mexico also contributed well to the reported results. MercadoLibre, Inc. Price, Consensus and EPS Surprise MercadoLibre, Inc. price-consensus-eps-surprise-chart | MercadoLibre, Inc. Quote Quarter in Detail Brazil: Net revenues in the first quarter came in at $2.57 billion (59.3% of the total revenues),
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MELI
News
- MercadoLibre's FY24 revenue expected to triple from FY21 - analyst [Seeking Alpha]Seeking Alpha
- 2 TSX Stocks to Buy in 2024 and Hold for the Next 10 Years [Yahoo! Finance Canada]Yahoo! Finance Canada
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $2,100.00 price target on the stock, up previously from $1,400.00.MarketBeat
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MELI
Earnings
- 5/2/24 - Beat
MELI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website