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Mercado Libre Q2 Earnings Highlights: Revenue Beat, EPS Beat, Brazil & Mexico Up Over 50% YoY
Online Latin America commerce and payments company Mercado Libre (NASDAQ:MELI) reported second-quarter financial results after market close Thursday.
Here are the highlights.
What Happened: Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue beat a Street consensus estimate of $4.68 billion, according to data from Benzinga Pro.
The company reported a 36% year-over-year increase in total payment volume for the second quarter and a 20% year-over-year rise in gross merchandise volume.
Earnings per share were $10.48 in the second quarter, beating a Street consensus estimate of $8.43.
By region, here is revenue growth year-over-year in the second quarter:
Brazil: +51% year-over-year
Argentina: +1%
Mexico: +66%
The company saw ...