MercadoLibre Q3: Revenue $3.76B (+40%), Op Inc $685M, Net $359M

MERCADOLIBRE INC

2023-Q3 EPS reported $16.36 revenue$10,698,000,000

Net revenue $3,760M (+40% YoY); income from operations $685M (+131% YoY), margin 18.2%.
GMV $11.4B, items sold growth accelerated to 26% YoY; TPV $47.3B (+121% FX-neutral).
Brazil GMV +28% FX-neutral, Mexico +34%; Argentina +8% USD amid peso devaluation.
Record fulfillment penetration 48% of shipments (from 40% YoY); credit card TPV surpassed $1B.
Net income $359M; FX losses $239M incl. $173M from share repurchases in Argentina.

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 September 30, 2023 results: revenue $3,760mn.

Period: the quarter ended September 30, 2023
Revenue: $3,760mn
Result: reported results

Exact text from the filing

and off-platform TPV growing at a faster pace than the previous quarter in all of our three largest markets. Our financial performance was equally pleasing. Net revenue of $3,760mn grew 40% year-on-year and income from operations more than doubled year-on-year for the fourth successive quarter reaching $685mn, with a margin of 18.2%. This shows, yet

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Source: SEC EDGAR

accession 0001099590-23-000029

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