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Sep 30, 2023
MercadoLibre Q3 2023 Earnings Report
MercadoLibre's investments in products and services paid off in Q3 2023, with accelerated growth and increased profitability.
Key Takeaways
MercadoLibre reported strong Q3 2023 results, with net revenue of $3.76 billion, up 40% year-over-year, and income from operations more than doubling to $685 million. The company saw growth in items sold and off-platform TPV, and continued to invest in its loyalty program and logistics network.
Net revenues reached $3.8 billion, a 69.1% increase year-over-year on an FX neutral basis.
Income from operations was $685 million, resulting in an 18.2% margin.
Total Payment Volume reached $47.3 billion, up 121.2% year-over-year on an FX neutral basis.
Gross Merchandise Volume was $11.4 billion, a 59.3% increase year-over-year on an FX neutral basis.
Revenue by Geographic Location
Forward Guidance
MercadoLibre is focused on executing another peak season successfully and extending its leadership in Commerce and building on its momentum in Fintech.
Positive Outlook
- Teams are focused on executing another peak season successfully.
- Aims to further extend leadership in Commerce.
- Aims to build on momentum in Fintech.
- Company is pleased to deliver operating leverage across P&L as they scale.
- Company remains focused on taking advantage of growth opportunities.
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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