MercadoLibre Q1 revenue $4.3B (+36% YoY), net income $344M (+71%)

MERCADOLIBRE INC

2024-Q1 EPS reported $6.78 revenue$4,333,000,000

Revenue $4,333M, up 36% YoY (94% FX-neutral); net income $344M, +71% YoY.
GMV $11.4B (+20% YoY); TPV $40.7B (+35% YoY); fintech MAUs 49M (+38%).
Brazil revenue +57% YoY, Mexico +59%; Argentina revenue -22% YoY due to devaluation.
Commerce revenue +49% YoY; Fintech +22%; credit portfolio $4.4B (+46% YoY).
Income from operations $528M (12.2% margin); advertising revenue +64% YoY; net debt/EBITDA 0.5x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MERCADOLIBRE INC reported the quarter ended March 31, 2024 results: revenue $4.3 billion, net income $344 million.

Period: the quarter ended March 31, 2024
Revenue: $4.3 billion
Net income: $344 million
Result: reported results

Exact text from the filing

$4.3bn growing strongly in both Commerce and Fintech, and net income up 71% YoY to $344mn, driven by excellent results in Brazil and Mexico. Net revenues and financial income of $4.3 billion, up 36% year-over-year and 94% on an FX neutral basis Income from operations of $528 million, with a 12.2% margin Net income of $344 million, with a 7.9% margin $40.7 billion

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Source: SEC EDGAR

accession 0001099590-24-000015

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