earnings
confidence high
sentiment positive
materiality 0.80
MercadoLibre Q3 2022 net revenue $2.7B (+60.6% FX-neutral), operating income $296M (11.0% margin)
MERCADOLIBRE INC
2022-Q3 EPS reported
$6.29
revenue$2,690,000,000
- Net revenues $2.7B, up 60.6% YoY FX-neutral; income from operations $296M (11.0% margin), a quarterly record.
- Total Payment Volume $32.2B (+76.4% FX-neutral); Digital Account TPV up 138% FX-neutral to $10.6B.
- Gross Merchandise Volume $8.6B (+31.5% FX-neutral); unique buyers up ~10% YoY; Brazil GMV +20% FX-neutral.
- Mercado Credito portfolio $2.8B; NPL ratio rose to 37.0% (sequential rise from over-90 bucket); deliberate slowdown in originations.
- Net income $129M (4.8% margin); foreign currency loss of $71M from Argentine share repurchases; cash from operations $724M.