This Fintech Is Just Getting Started [The Motley Fool]
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: The Motley Fool
Investors love it when companies can execute a successful second act, another business beyond its core that enables it to grow even more.MercadoLibre(NASDAQ:MELIFool Liverecorded on June Brian Withers:One of the things I'm really excited about for MercadoLibre, I'm not going to talk about the e-commerce business at all for the next few minutes, I'm going to talk about its fintech business. Over the last four quarters, over the last months, TTM is trailing months. It's produced $.6 billion in fintech revenue. Look at these growth rates, this is the currency-neutral growth rates. [The] last three quarters have been triple-digits. [laughs] The two quarters before that, it was 8 and 86. To produce 7% growth on top of an 8% growth, this business is firing on all cylinders. Let me talk about why.MercadoLibre is the first mover and leader in the Latin American market. There's 8 countries that they serve, three countries make up most of its revenue: Brazil, Argentina, and Mexico. But look at
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MELI
News
- MercadoLibre (MELI) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Citigroup Inc. from $1,990.00 to $1,940.00. They now have a "buy" rating on the stock.MarketBeat
- How to Find Strong Retail-Wholesale Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- MercadoLibre to increase investments in Brazil to $4.6 bln in 2024 [Reuters]Reuters
- MercadoLibre to increase investments in Brazil to $4.6 billion in 2024 [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- 2/14/24 - Form SC
- MELI's page on the SEC website