Mercadolibre Stock Earnings Reports

Key points for investors: MercadoLibre delivered strong Q3 results with revenues up 39% year‑over‑year, marking the 27th consecutive quarter of >30% growth. Management is deliberately investing across commerce and fintech to capture long‑term opportunities, notably lowering the free‑shipping threshold in Brazil, expanding logistics capacity, and scaling the credit card business. The Brazil free‑shipping change materially accelerated GMV, items sold, new buyers, conversion and retention while enabling sellers to add listings in lower price bands; higher volumes also drove an 8% sequential decline in unit shipping costs in Brazil via better utilization. Mercado Pago showed strong engagement and asset growth (higher AUM and loan portfolio expansion) with improving credit metrics and record NPS in Brazil; credit card cohorts older than two years are profitable, supporting future credit profitability as issuance scales. Argentina remains strategically important — management remains optimistic long term despite near‑term macro volatility and higher funding costs that pressured margins this quarter. Management highlighted continued disciplined investment (marketing ~11% of revenues this quarter) and operating leverage in product & development and G&A as the business scales. Overall, the company is prioritizing long‑term market share and ecosystem growth even at near‑term margin cost, while expecting some investments (e.g., mature credit‑card cohorts, scale) to improve profitability over time.