MercadoLibre (MELI) Tops Q3 EPS by 11c

MercadoLibre (NASDAQ: MELI) reported Q3 EPS of $0.28, $0.11 better than the analyst estimate of $0.17. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $972.31 million.

• Unique active users grew 92.2% reaching 76.1 million.
• Gross merchandise volume (“GMV”) reached $5.9 billion, representing an increase of 62.1% in USD and 117.1% on an FX neutral basis.
• Items sold reached 205.7 million, growing 109.9% year-over-year.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “We are proud to announce MercadoLibre’s third quarter results, recording another strong quarter, driven by high demand for e-commerce and fintech services. During these last three months we’ve begun to consolidate our leadership position both for mid and long tail segments and started to strive for the higher segments of the merchant pyramid. Once again, we want to reinforce our commitment to the democratization of commerce and payments in a region in urgent need. The opportunity ahead of us is sizable, and we feel increasingly confident that we can capitalize on it.”

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

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