Mercado Libre Q2 Earnings Highlights: Revenue Beat, EPS Beat, Brazil & Mexico Up Over 50% YoY
Portfolio Pulse from Chris Katje
Mercado Libre (NASDAQ:MELI) reported strong Q2 earnings with revenue and EPS beating estimates. Revenue grew 42% YoY to $5.07 billion, and EPS was $10.48. Brazil and Mexico saw significant growth, with revenue up 51% and 66% respectively. The company also reported growth in commerce and fintech segments and highlighted future opportunities, including a potential banking license in Mexico.
August 01, 2024 | 9:34 pm
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Mercado Libre reported strong Q2 earnings with revenue and EPS beating estimates. Revenue grew 42% YoY to $5.07 billion, and EPS was $10.48. Significant growth in Brazil and Mexico, and future opportunities in fintech and banking.
The strong earnings report, with both revenue and EPS beating estimates, is likely to positively impact the stock price in the short term. Significant growth in key markets like Brazil and Mexico, along with future opportunities in fintech and banking, further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100