MercadoLibre Posts Record Revenue, Braces for Macro Jitters [Business News Network (BNN) (Canada)]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Business News Network
the company will continue to hold sway in a region where online competition is getting fiercer. Net revenue in the first three months of the year rose 63% from a year earlier to $2.2 billion, according to a statement Thursday, topping the $2 billion average estimate of analysts surveyed by Bloomberg. The Buenos Aires-based company reported gross merchandise volume of $7.7 billion, also beating expectations. MercadoLibre saw a surge in user adoption during coronavirus lockdowns, and continues to grow even as most countries in the region reopen. That's partly because the company also offers products such as in-store payment services that benefit from reopenings, said Chief Financial Officer Pedro Arnt. Still, he pointed to a challenging year ahead, with high volatility in global markets, rising commodity prices, and macro challenges across Latin America. “We've entered a period of increased uncertainty,” he said in an interview from Montevideo. “The business has always been very r
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News
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- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [BNN Bloomberg (Canada)]BNN Bloomberg
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website