MercadoLibre Q3 2024 Earnings Report
Key Takeaways
MercadoLibre reported strong Q3 2024 results with net revenues of $5.3 billion, up 35% year-over-year. The company saw solid growth in unique buyers, Fintech MAU, GMV, and acquiring TPV across major geographies. Net income reached $397 million, with a 7.5% margin.
Net revenues reached $5.3 billion, a 35% increase year-over-year.
Income from operations was $557 million, representing a 10.5% margin.
Total Payment Volume reached $50.7 billion, up 34% year-over-year.
Gross Merchandise Volume was $12.9 billion, reflecting a 14% increase year-over-year.
MercadoLibre
MercadoLibre
MercadoLibre Revenue by Geographic Location
Forward Guidance
MercadoLibre is optimistic about its long-term growth prospects in commerce, advertising, fintech services, and acquiring across Latin America. The company is committed to disciplined investment to maximize long-term business size in a sustainable and profitable manner.
Positive Outlook
- Momentum is fantastic across Mercado Libre.
- Optimistic about the long runway of growth in commerce.
- Confident in the investments unlocking structural growth opportunities.
- Committed to investing with discipline.
- Excited about the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income