Free Shipping/Loyalty Investments Accelerate, but Reinforce MercadoLibe's Long-Term Growth Story
While MercadoLibre posted another quarter of impressive GMV growth (up 36% on a reported basis, 56% on a currency-neutral basis) and customer engagement (unique buyers and sellers were up 22.7% and 13.5%, respectively), the key question coming out of the quarter was whether the heavy investments behind its free shipping and loyalty programs for merchants--the key contributor to a 670-basis-point decline in EBITDA margin to 12.9%--will drive even greater engagement in the years to come.Managemen...
MercadoLibre is engages in an online commerce ecosystem. Co.'s platform is designed to provide users with a portfolio of services to facilitate commercial transactions. Co. integrated e-commerce services includes: the MercadoLibre Marketplace, which is an automated, topically-arranged and user-friendly online commerce service; MercadoLibre Classifieds Service, which users can also list and purchase motor vehicles, vessels, aircraft, real estate and services; MercadoPago payments solution, providing a mechanism that allows its users to send and receive payments online; and MercadoLibre advertising program, which enable businesses to promote their products and services on the Internet.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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