The earnings call reflects a strong performance by MercadoLibre with substantial revenue growth and user expansion. While there are concerns related to credit risks in Brazil and macroeconomic factors in Argentina, the overall outlook remains optimistic with continued investments in logistics, user experience, and financial services.

Company Guidance

In the recent earnings call, MercadoLibre reported robust financial performance for the fiscal year 2024, with significant growth in several key metrics. The company achieved a revenue of $21 billion and generated over $1 billion in free cash flow, demonstrating their ability to drive profitable growth while maintaining strategic investments. Notably, MercadoLibre surpassed 100 million unique buyers in its marketplace and 60 million monthly active users on its fintech platform for the first time. The company issued 5.9 million new credit cards, doubling its portfolio, and saw a 74% year-on-year acceleration in its credit portfolio. Additionally, the logistics operations reached record productivity levels with a 29% year-on-year increase in items shipped, while cost per package either declined or rose below inflation across major geographies. MercadoLibre's strategic focus remains on enhancing its e-commerce and fintech offerings, leveraging the relatively low penetration of e-commerce in Latin America and the growing demand for better financial products.

Record Revenue and Free Cash Flow

MercadoLibre achieved $21 billion in revenue and over $1 billion in free cash flow in 2024, demonstrating their ability to drive profitable growth while investing in long-term strategic objectives.

Significant Growth in Unique Buyers and Active Users

The platform surpassed 100 million unique buyers and 60 million monthly active users, reflecting trust and loyalty in MercadoLibre's ecosystem.

Expansion of Logistics Infrastructure

Investments in logistics led to record-breaking numbers of new buyers and improvements in logistics efficiency, with a 29% year-on-year increase in items shipped.

Credit Card Portfolio Growth

MercadoLibre issued 5.9 million new credit cards in 2024 and more than doubled its portfolio, positioning itself to become the largest digital bank in Latin America.

Innovation in User Experience

Developments such as virtual try-ons for makeup and standardized filters in fashion improved the purchasing experience.

Advertising Revenue Growth

There was a 50 basis point increase in advertising revenue as a percentage of GMV, driven by strengthening relationships with brands and agencies.

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Mercadolibre (MELI) 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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MELI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	7.90 / -	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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MELI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$2117.30	$1774.05	-16.21%
Aug 01, 2024	$1606.06	$1776.14	+10.59%
May 02, 2024	$1505.99	$1630.56	+8.27%
Feb 22, 2024	$1817.98	$1629.32	-10.38%

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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