Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses
Portfolio Pulse from
Mercado Libre reported strong Q3 results with $5.3B in revenue, driven by increased user engagement and investments in technology and logistics. Unique buyers rose by 21%, GMV by 14%, and Mercado Pago's credit portfolio grew by 77%.
November 07, 2024 | 12:15 am
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Mercado Libre's Q3 results show strong growth with $5.3B in revenue, a 21% increase in unique buyers, and a 77% rise in Mercado Pago's credit portfolio, indicating robust business expansion.
The strong Q3 results with significant increases in revenue, unique buyers, and credit portfolio suggest positive business momentum for Mercado Libre. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100