MercadoLibre Q1 2023 revenue $3.0B (+58.4% FX-neutral), operating income $340M, net income $201M

MERCADOLIBRE INC

2023-Q1 EPS reported $3.97 revenue$3,037,000,000

Net revenue $3.0B, up 58.4% FX-neutral; income from operations $340M (11.2% margin vs 6.2% a year ago).
TPV $37.0B, up 96.1% FX-neutral; off-platform TPV grew >100% for 6th consecutive quarter.
GMV $9.4B, up 43.3% FX-neutral; items sold accelerated to 16% YoY. Brazil GMV growth accelerated to 28%.
Credit portfolio $3.0B; IMAL 38.8% annualized (down from 48.3% in Q4'22); NPL 1-90 day ratio fell to 9.5%.
Net income $201M (6.6% margin); operating cash flow $859M vs. consumption in Q1'22.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MERCADOLIBRE INC reported the quarter ended March 31, 2023 results: revenue $3.0 billion.

Period: the quarter ended March 31, 2023
Revenue: $3.0 billion
Result: reported results

Exact text from the filing

MercadoLibre, Inc. First Quarter 2023 Letter to Shareholders Net Revenues of $3.0 billion, up 58.4% year-over-year on an FX neutral basis Income from operations of $340 million, with a 11.2% margin $37.0 billion Total Payment Volume, up 96.1% year-over-year on an FX neutral basis $9.4 billion Gross Merchandise Volume, up 43.3% year-over-year on an FX neutral basis MONTEVIDEO, Uruguay, May 3rd, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001099590-23-000010

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