MELI MercadoLibre Inc.

MercadoLibre, Inc. Reports First Quarter 2024 Financial Results

MercadoLibre, Inc. Reports First Quarter 2024 Financial Results

Montevideo, May 02, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) () today reported financial results for the quarter ended March 31, 2024, in a Letter to Shareholders, which is now posted to the company’s Investor Relations website .

The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on May 2, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and the market in general may access the following link at and register at the platform to attend the live event.

To participate in our conference call Q&A, investors, analysts and the market in general may access the following link at  to be provided with the dial-in number and personal pin code to join the conference call and to be able to pose questions. Access to our video webcast and the live audio will be available in the investor relations section of the Company's website, at . An archive of the webcast will be available for one week following the conclusion of the conference call. 



About MercadoLibre MercadoLibre is the largest online commerce ecosystem in Latin America, based on unique visitors and processed orders, and is also one of the region’s leading fintech platforms. Our efforts are centered on enabling e-commerce and digital financial services for our users by delivering a complete suite of technology solutions. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Colombia and Peru. 

Through its e-commerce platform, MercadoLibre provides buyers and sellers with a robust and safe environment that fosters the development of a large e-commerce community in Latin America, a region with a population of over 650 million people and with one of the fastest-growing Internet penetration and e-commerce growth rates in the world. We believe that we offer world-class technological and commercial solutions that address the distinctive cultural and geographic challenges of operating a digital commerce platform in Latin America. 

Through its fintech platform, MercadoPago, the company offers a comprehensive set of financial technology services to users of its e-commerce platform, and to users outside of its e-commerce platform. For individuals, those services include a digital account that offers a debit card, online payments, insurance, savings, investments and credit lines. For merchants, MercadoPago offers online and physical point-of-sale payments processing services as well as the digital account. For more information about MercadoLibre.com, visit: . 

Investor Relations Contact:





Media Relations Contact: 





EN
02/05/2024

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Reports on MercadoLibre Inc.

Soomit Datta
  • Soomit Datta

KSPI US (Buy, TP: $175, +45%) # INITIATION OF COVERAGE # Kaspi (Buy)...

Kaspi is a Super App the likes of which we haven’t really seen develop outside of China. Dominant in Payments, roots in lending and with group growth currently driven by triple digit top-line in the leading local E-Commerce platform. Obvious comparisons in our coverage are with MercadoLibre (Buy), which we continue to be positive on and which we benchmark Kaspi against in this note.

Matthew Weiss ... (+3)
  • Matthew Weiss
  • Michael Gerbino
  • Scott Devitt
Wedbush Research
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