Mercado Libre Q2 Earnings Highlights: Revenue Beat, EPS Beat, Brazil & Mexico Up Over 50% YoY
MELIMercadoLibre(MELI) Benzinga·2024-08-02 05:34

Online Latin America commerce and payments company Mercado Libre MELI reported second-quarter financial results after market close Thursday.Here are the highlights.What Happened: Mercado Libre reported net revenue of 5.07billioninthesecondquarter,up425.07 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 ...