MercadoLibre net profit surges, driven by Brazil, Mexico [Yahoo! Finance]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance
analysts' estimates as its performance in Brazil and Mexico offset some negative effects in Argentina. MercadoLibre, which operates a marketplace in 18 countries and also owns the fintech Mercado Pago, posted a $344 million net profit in the three months, while analysts polled by LSEG had expected a $314 million net profit. The firm disclosed some changes in reporting, including reclassification of Mercado Pago interest income and expense lines, with a $99 million positive impact on net revenue but no impact on net income. The changes also include a swap in the terms and conditions of Mercado Envios, which had a negative impact of $10 million on net income. MercadoLibre reported a $4.3 billion net revenue, up 36% from a year earlier and above the $3.9 billion estimated by analysts. Sales from its main marketplace business rose 36% in Brazil, its top market, and 42% in Mexico, as measured by Gross Merchandise Value (GMV). Operational margins, which analysts had negatively hig
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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