MercadoLibre reports Q3 EPS $7.83, consensus $10.00

Reports Q3 revenue $5.3B, consensus $5.27B. The company stated, “We are pleased to report another quarter of growth in Q3’24. Momentum is strong across the business, with solid growth in unique buyers, Fintech monthly active users, MAU, GMV, the credit portfolio and acquiring TPV in all major geographies. We believe we are making excellent progress on our long-term strategic goals of increasing the penetration of online commerce in Latin America, becoming the principal financial services provider to users of Mercado Pago and scaling our acquiring business. Our competitive position is strengthening as retention improves across our businesses. This gives us great confidence as we invest to fully capitalize on the many growth opportunities that are ahead of us, knowing that our ecosystem is uniquely placed to capture those opportunities.”