MercadoLibre Q2: revenue $3.4B (+57% FX-neutral), op income $558M margin 16.3%

MERCADOLIBRE INC

2023-Q2 EPS reported $9.12 revenue$6,771,000,000

Net income $262M (+113% YoY); GMV $10.5B (+47% FX-neutral); TPV $42.1B (+97% FX-neutral).
Brazil GMV +25% FX-neutral; Mexico GMV +34% FX-neutral; Argentina GMV +119% but items sold +1%.
Credit NIMAL 36.8% (up from 29.8%); Ads revenue FX-neutral growth >70% for 5th straight quarter.
Cash from operations $1,412M vs $907M last year; management plans to reinvest margin gains in H2.

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 0.95

MERCADOLIBRE INC reported the quarter ended June 30, 2023 results: revenue $3,415mn.

Period: the quarter ended June 30, 2023
Revenue: $3,415mn
Result: reported results

Exact text from the filing

Income from operations of $558mn more than doubled year-on-year, with a margin of 16.3% over net revenue of $3,415mn.

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Source: SEC EDGAR

accession 0001099590-23-000017

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