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Dec 31, 2023
MercadoLibre Q4 2023 Earnings Report
MercadoLibre's Q4 2023 results showcased strong revenue growth, increased user engagement, and advancements in both commerce and fintech sectors, despite one-off expenses impacting operating income.
Key Takeaways
MercadoLibre reported a strong Q4 2023 with revenue reaching $4.261 billion, a 42% year-over-year increase. The company saw growth in Brazil and Mexico, driven by both commerce and fintech services. Net income was reported at $165 million, with income from operations at $240 million, though these figures were impacted by one-off expenses related to prior periods.
Revenue grew by 42% year-over-year, reaching $4.261 billion, driven by strong performance in Brazil and Mexico.
Total Payment Volume increased to $56.5 billion, up 57.2% year-over-year.
Gross Merchandise Volume reached $13.5 billion, a 39.9% year-over-year increase.
The number of items sold grew by 29% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MercadoLibre is focused on offering the best user experience and value proposition, with teams working towards executing strategic goals. The company is confident in its ability to combine growth, scale, cost efficiency, and operating leverage to drive margins higher. They are optimistic about growth opportunities and their mission of democratizing commerce and financial services in Latin America.
Positive Outlook
- Continued focus on improving user experience and value proposition.
- Commitment to executing strategic goals with excellence.
- Confidence in replicating the combination of growth, scale, cost efficiency, and operating leverage.
- Optimism about growth opportunities in democratizing commerce and financial services in Latin America.
- Belief that the best is yet to come for the company.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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