Welcome to our dedicated page for Mercado Libre news (Ticker: MELI), a resource for investors and traders seeking the latest updates and insights on Mercado Libre stock.
Mercado Libre, Inc. (NASDAQ: MELI) represents the pinnacle of e-commerce and fintech innovation in Latin America. Established in 1999 and headquartered in Buenos Aires, Argentina, MercadoLibre has revolutionized the way individuals and businesses buy, sell, advertise, and pay for goods online through its diverse platforms.
At the core of its operations are MercadoLibre.com and MercadoPago.com, which collectively serve millions of users across 18 countries. The company's e-commerce platform, MercadoLibre.com, is a bustling marketplace allowing users to engage in transactions safely and efficiently. Recognized globally, the site ranks among the top 50 in terms of page views and holds the top spot for unique visitors in every country it operates, according to Comscore Networks.
MercadoLibre's ecosystem extends beyond e-commerce. Mercado Envios provides seamless shipping solutions, while Mercado Pago and Mercado Credito offer robust payment and financing options. The company also features advertising services through Mercado Clics, a classifieds section, and Mercado Shops, a turnkey e-commerce solution for businesses.
With more than 218 million active users and over 1 million active sellers, MercadoLibre generates revenue through a mix of final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from lending. The company’s commitment to leveraging world-class technology has positioned it as a leader in democratizing commerce and financial services in Latin America.
One of the recent notable updates is the conversion option for note holders before November 13, 2023. Each $1,000 principal amount of notes is convertible into 2.2952 shares of MercadoLibre common stock, reflecting an increased rate. This strategic move aims to save the company approximately $44 million in interest expenses, underscoring its prudent financial management.
MercadoLibre is more than an e-commerce platform; it's a catalyst for economic transformation in Latin America, offering intuitive solutions tailored to the region's distinct cultural needs. For further information, visit their Investor Relations page.
Essendant has expanded its marketplace operations by partnering with Mercado Libre, Latin America's largest online marketplace. This marks Essendant's first entry into the Latin American market, offering power and hand tools from top brands across 18 countries in Mexico, Central and South America.
The partnership, which went live in the first week of October, follows months of development and product curation tailored to the Latin American consumer base. According to Interim CEO David Boone, this expansion through Mercado Libre's international reach represents a critical growth opportunity for Essendant's Connected Commerce program.
Mercado Libre (MELI) reported strong Q3 2024 results with net revenue reaching $5.3 billion, up 35% year-on-year. The company's unique buyers increased 21% to 61 million, while Gross Merchandise Value (GMV) grew 14% to $12.9 billion. In fintech, Mercado Pago saw total payment volume rise 34% to $50.7 billion, with monthly active users growing 35% to 56 million. The credit portfolio expanded 77% year-on-year to $6 billion, while the credit card portfolio surged 172% to $2.3 billion. Operational income reached $557 million amid strategic investments in technology and logistics.
MercadoLibre (MELI) announced it will release its Q3 2024 financial results through a Letter to Shareholders, now available on their Investor Relations website. The company has scheduled an earnings video conference, conference call, and audio webcast for November 6 at 5:00 p.m. Eastern Time. Investors and analysts can participate through a video webcast link or dial-in numbers for the Q&A session. The webcast recording will be accessible for one week after the conference call.
MercadoLibre (MELI) has announced it will release its third quarter 2024 financial results on November 6, 2024. The company will host an earnings results video conference, conference call, and audio webcast at 5:00 p.m. Eastern Time on the same day. Investors, analysts, and market participants can access the video webcast through a provided link, while those wishing to participate in the Q&A session can join via toll-free or international dial-in numbers.
Mercado Libre (NASDAQ: MELI) has released a new episode of its IR Interviews podcast featuring Leandro Cuccioli, Senior VP of CorpDev, Strategy, Sustainability and IR. The episode discusses the company's long-term growth strategy in Latin America, where e-commerce penetration remains at mid-teens levels. With over 90 million unique buyers, Mercado Libre continues to strengthen its market position through logistics, product variety, and retail media. The podcast highlights significant growth opportunities for Mercado Pago in underserved financial markets, particularly in Mexico, where only half the population has a bank account and 11% have credit cards.
MercadoLibre, Inc. (Nasdaq: MELI) has released its financial results for the second quarter of 2024. The company, which operates the largest online commerce ecosystem in Latin America, will host an earnings video conference and a Q&A session on August 1, 2024, at 5:00 p.m. Eastern Time. MercadoLibre is present in 18 countries, including Argentina, Brazil, Mexico, Colombia, Chile, and Peru, serving a region with over 650 million people and one of the world's fastest-growing Internet penetration and e-commerce growth rates.
The company's platform, MercadoLibre.com, provides a safe environment for buyers and sellers, while its fintech arm, MercadoPago, offers a wide range of financial technology services to both e-commerce users and external customers. These services include digital accounts, debit cards, online payments, insurance, savings, investments, and credit lines for individuals, as well as payment processing services for merchants.
MercadoLibre (Nasdaq: MELI) has announced it will release its Q2 2024 financial results on August 1, 2024. The company will host an earnings results video conference, conference call, and audio webcast on the same day at 5:00 p.m. Eastern Time. Investors and analysts can access the live event through a provided link and register to participate in the Q&A session.
MercadoLibre is the largest online commerce ecosystem in Latin America, operating in 18 countries. It offers e-commerce and digital financial services through its technology solutions. The company's fintech platform, MercadoPago, provides a range of financial services to both individuals and merchants, including digital accounts, online payments, insurance, savings, investments, and credit lines.
MercadoLibre, Inc. (Nasdaq: MELI) released their first quarter 2024 financial results, showcasing a strong performance. The company reported earnings for the quarter ended March 31, 2024, in a Letter to Shareholders now available on the Investor Relations website. The earnings video conference, conference call, and audio webcast for investors will take place on May 2, at 5:00 p.m. Eastern Time. Investors can access the live event through provided links and register to participate.
MercadoLibre, Inc. will announce its First Quarter 2024 Financial Results on May 2, 2024. The Company will host an earnings results video conference, conference call, and audio webcast to discuss the financial performance for the quarter ending March 31, 2024. Investors, analysts, and the market can access the live event through the provided links and register to participate. The webcast and audio will be available on the investor relations section of the Company's website.
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