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Sep 30, 2024
MercadoLibre Q3 2024 Earnings Report
Another quarter of growth was reported, driven by strong momentum across the business and solid growth in key metrics.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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