UPDATE 1-MercadoLibre beats quarterly revenue expectations on online-shopping boom [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
MercadoLibre beats quarterly revenue expectations on online-shopping boom By Reuters Staff 2 Min Read (Reuters) - Argentine e-commerce giant MercadoLibre Inc on Monday reported a record quarterly revenue, which beat estimates, driven by a surge in online shopping and digital payments during the COVID-19 pandemic. Riding the e-commerce wave, MercadoLibre’s business expanded as it tapped into the COVID-19 pandemic-fueled surge in online shopping and digital payments in Latin America. Restrictions in Brazil’s biggest city, Sao Paulo, due to rising COVID-19 cases also led to more people shopping online during Christmas and New Year. The region's top e-commerce company reported a net loss of $50.6 million, or $1.02 per share, in the fourth quarter ended Dec. 31, compared with a net loss of $54 million, or $1.11 per share, a year earlier. ( bit.ly/302znzY ) Costs rose 36% to $514.2 million in the quarter, as the company sought to keep up with the e-commerce boom. Revenue rose to $1.33 bill
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MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/23/24 - Form 8-K
- MELI's page on the SEC website