MercadoLibre (MELI) Tops Q3 EPS by 63c

MercadoLibre (NASDAQ: MELI) reported Q3 EPS of $1.92, $0.63 better than the analyst estimate of $1.29. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.85 billion.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “As a result of what we believe to be these lasting contributions to financial inclusion and the democratization of commerce through an improved experience for our users, our volume growth rates continue to demonstrate a solid trajectory over the long term. We have once again reached new records in gross merchandise volume, payment volumes and credit portfolio size; which demonstrates resilience and strength across all parts of our ecosystem. Moreover, we see our engagement and satisfaction improving sequentially for both commerce and fintech services, which is particularly encouraging given the user base expansion that we have driven over the last year.”

For earnings history and earnings-related data on MercadoLibre (MELI) click here.

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