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Jun 30, 2024
MercadoLibre Q2 2024 Earnings Report
MercadoLibre delivered a strong financial and operational performance, driven by growth in GMV, Acquiring TPV, and the Credits portfolio.
Key Takeaways
MercadoLibre reported a strong Q2 2024, with revenue growth of 42% YoY and net income rising 103% YoY to $531 million. The net income margin reached 10.5%, the highest level since Q1 2017. Growth was driven by strong performance in GMV, Acquiring TPV, and the Credits portfolio.
GMV, Acquiring TPV and the Credits portfolio growth accelerated in all three major geographies on a YoY FX-neutral basis.
Unique buyer growth also accelerated and Fintech MAU surpassed 50mn for the first time.
Q2'24 revenue growth of 42% YoY, with net income rising 103% YoY to $531mn.
Net income margin reached 10.5% in Q2'24, up 3ppts YoY and at the highest level since Q1'17.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MercadoLibre is focused on democratizing commerce and financial services in Latin America. The company believes it has more opportunities than ever before and is excited to pursue them with a culture of entrepreneurship, excellence and innovation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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