The earnings call highlighted robust growth in GMV and credit card issuance, along with strategic expansions in fulfillment centers and a revamped loyalty program. However, there were concerns about margin compression and increased G&A expenses. Despite these challenges, the overall sentiment remains positive due to strong growth and strategic investments.

Company Guidance

During MercadoLibre's Q3 2024 earnings call, the company reported solid growth across its operations, with GMV increasing by 34% in Brazil and 27% in Mexico, leading to market share gains. In Argentina, items sold grew by 16%, exceeding 60 million units, and the platform added a record 7 million new buyers. The company's strategic investments in logistics included opening 6 new fulfillment centers, enhancing fulfillment penetration by 4.5 percentage points. The fintech segment saw robust performance, with the issuance of 1.5 million new credit cards and a 166% increase in credit card TPV year-on-year. Despite facing FX headwinds, revenue rose by 35%, while EBIT reached $557 million with a 10.5% margin. Net income increased by 11% to $397 million, driven by reduced FX losses. The call highlighted continued investments in technology and strategic initiatives to drive long-term growth, profitability, and cash flow generation.

Strong GMV Growth in Key Markets

GMV growth of 34% year-on-year in Brazil and 27% in Mexico, with market share gains in both countries.

Record Number of New Buyers

Added a record of almost 7 million new buyers, surpassing numbers seen during the pandemic peak.

Expansion of Fulfillment Centers

Opened 6 new fulfillment centers in Q3, enhancing fulfillment penetration by 4.5 percentage points.

Significant Credit Card Growth

Credit card TPV grew by 166% compared to last year, with 1.5 million new credit cards issued.

Revenue and EBIT Performance

Revenue growth of 35% year-on-year with EBIT of $557 million and a 10.5% margin.

Innovations in Loyalty Programs

Launch of MELI+ benefits package and additional tier options in the loyalty program.

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Mercadolibre (GB:0K0E) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0K0E Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	8.06 / -	3.25	―	―	―
Nov 06, 2024	2024 (Q3)	9.85 / 7.83	7.16	9.36% (+0.67)
Aug 01, 2024	2024 (Q2)	8.53 / 10.48	5.16	103.10% (+5.32)
May 02, 2024	2024 (Q1)	6.10 / 6.78	3.97	70.78% (+2.81)
Feb 22, 2024	2023 (Q4)	7.09 / 3.25	3.25	0.00% (0.00)
Nov 01, 2023	2023 (Q3)	5.79 / 7.16	2.56	179.69% (+4.60)
Aug 02, 2023	2023 (Q2)	4.34 / 5.16	2.43	112.35% (+2.73)
May 03, 2023	2023 (Q1)	2.79 / 3.97	1.3	205.38% (+2.67)
Feb 23, 2023	2022 (Q4)	2.42 / 3.25	-0.92	453.26% (+4.17)
Nov 03, 2022	2022 (Q3)	2.41 / 2.56	1.92	33.33% (+0.64)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0K0E Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$2104.42	$1758.56	-16.43%
Aug 01, 2024	$1597.02	$1766.74	+10.63%
May 02, 2024	$1503.07	$1642.39	+9.27%
Feb 22, 2024	$1815.36	$1647.99	-9.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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