Mercadolibre - MELI STOCK NEWS

MercadoLibre, Inc. (MELI) reported Q4 2021 net revenues of $2.1 billion, marking a 73.9% increase year-over-year on an FX neutral basis. Total Payment Volume (TPV) surged to $24.2 billion, up 72.8% year-over-year, while Gross Merchandise Volume (GMV) reached $8.0 billion, a 32.2% increase. Unique active users grew to 82.2 million. Despite these gains, the company recorded a net loss of $46.1 million for the quarter. Notably, gross profit margin improved to 40.0%, showcasing efficiency amidst an inflationary environment.

MercadoLibre, Inc. (Nasdaq: MELI) will release its financial results for Q4 2021 on February 22, 2022. The Company will hold a conference call at 4:30 PM ET, accessible by calling (877) 303-7209 or (970) 315-0420, Conference ID 2894134. The call can also be streamed live via an audio webcast on the Company’s investor relations website. MercadoLibre is a leading e-commerce and payment platform in Latin America, operating in 18 countries, and aims to enhance digital commerce and mobile payments in a rapidly growing online market.

Aleph Group, Inc announced that Pedro Arnt, Chief Financial Officer of MercadoLibre (NASDAQ: MELI), is joining its Board of Directors and will also chair the Audit Committee. Arnt brings extensive experience from his tenure at MercadoLibre, where he has served since 1999, becoming CFO in 2011. This move comes as Aleph seeks to enhance its digital advertising capabilities, particularly in collaboration with MercadoLibre, which invested in Aleph in 2021. Aleph aims to strengthen business development and maximize advertising monetization in emerging markets.

On January 20, 2022, Mercado Libre (Nasdaq: MELI) announced strategic investments in 2TM Group and Paxos, enhancing its presence in the cryptocurrency sector in Brazil. This acquisition includes shares in MercadoBitcoin.com, a leading digital asset exchange in Latin America. Through its partnership with Paxos, Mercado Pago now allows Brazilian users to buy, hold, and sell cryptocurrencies with transactions starting from R$ 1. These moves underline Mercado Libre's commitment to developing crypto assets and blockchain technology, aiming to empower users and improve financial access across Latin America.

Mercado Libre has acquired Redelcom, a Chilean payment services provider, to enhance its operations in the payment methods sector, particularly for SMEs. This acquisition marks Mercado Libre's first foray into payment systems in the region, strengthening its Mercado Pago unit, the largest fintech in Latin America. The move aims to democratize commerce and finance in Chile, addressing financial inclusion gaps. Redelcom will now be integrated into the Mercado Libre ecosystem, which has already seen significant growth in the POS market, with over 65,000 merchants processing payments.

On November 16, 2021, MercadoLibre (MELI) announced an underwritten public offering of 1,000,000 shares of common stock priced at $1,550.00 each, aiming to raise approximately $1.55 billion before underwriting expenses. The underwriters are granted a 30-day option to purchase up to an additional 150,000 shares. This offering is part of an effective shelf registration, with relevant documents available on the SEC’s website.

MercadoLibre, Inc. (Nasdaq: MELI) announced a public offering of common stock on Nov. 15, 2021, with underwriters granted a 30-day option for additional shares. The net proceeds will fund general corporate purposes. Morgan Stanley, J.P. Morgan, and Goldman Sachs are the lead bookrunners. This announcement does not constitute an offer to sell or solicit an offer to buy securities illegally. To access the prospectus, visit the SEC website or contact the managing bookrunners directly.

MercadoLibre, Inc. (MELI) reported Q3 2021 net revenues of $1.9 billion, a 72.9% year-over-year increase on an FX neutral basis. Total Payment Volume reached $20.9 billion, up 59.0% year-over-year, while Gross Merchandise Volume hit $7.3 billion, growing 29.7% year-over-year. Unique active users rose to 78.7 million. Despite a 62.7% increase in operating expenses, income from operations improved to $160.4 million. Net income was $95.2 million, with earnings per share of $1.92.

MercadoLibre, Inc. (Nasdaq: MELI) announced it will release its third fiscal quarter financial results on November 4, 2021. The company will also host a conference call at 4:30 p.m. Eastern Time, accessible by dialing (877) 303-7209 or (970) 315-0420. The call will be available via audio webcast on the investor relations section of MercadoLibre's website. As the largest online commerce and payments ecosystem in Latin America, MercadoLibre continues to enhance its digital platform across 18 countries, fostering growth in e-commerce and financial services.