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MELI

MercadoLibre Inc. Nasdaq Global Select
$1,520
Open: $1,548 High: $1,582.94 Low: $1,348.91 Close: $1,469
Range: 2021-03-04 - 2021-03-05
Volume: 2,366,797
Market: Closed
Powered by Finage Stock APIDelayed data
MELI
MercadoLibre Inc. Arias 3751 Buenos Aires , C1430CRG http://www.mercadolibre.com
MercadoLibre Inc is an e-commerce company. It hosts the online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The company generates most of its revenue from Brazil, Argentina, Venezuela, and Mexico.
  • CEO: Marcos Galperin
  • Employees: 5,582
  • Sector: Consumer Cyclical
  • Industry: Retail - Apparel & Specialty
MELI News
Latest news about the MELI
  • Did the Pandemic Permanently Shift Consumer Habits Towards Online Buying?

    Now that a year has passed, and we are beginning to get vaccinated, will consumers continue their online shopping habits in 2021 and beyond? On a Fool Live episode recorded on Jan. 19, Fool contributors Jason Hall, Danny Vena, Brian Withers, and Fool analyst Dylan Lewis discuss the trend in e-commerce and whether buying habits have permanently changed. Jason Hall: Our next question here, this comes from Brian Withers.

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  • MercardoLibre Earnings Reveals Fast Growth -- Now What?

    MercadoLibre's stock price was down following its earnings. Is it going to keep going down or is it time to buy this high-growth stock?

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  • Why Is MercadoLibre Falling After Earnings?

    The stock market was hovering near flat for much of the day on Tuesday, but Latin American e-commerce and fintech company MercadoLibre (NASDAQ: MELI) was a big underperformer. The short explanation for today's move is that MercadoLibre reported its fourth-quarter earnings on Monday after the market's close, and investors don't seem too thrilled with the results. On the fintech side of the business, the Mercado Pago payments platform saw payment volume soar by 134% from the same quarter in 2019, and the most important component, off-platform volume, grew by 150%.

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  • Zoom, MercadoLibre Smack Nasdaq Despite Earnings Strength

    Once again, the Nasdaq Composite (NASDAQINDEX: ^IXIC) took the brunt of the hit, falling more than 1% even as other major stock benchmarks had only fractional percentage declines. What's interesting about the Nasdaq's behavior lately is that a bunch of high-growth stocks have seen their share prices fall even after delivering strong financial results. Shares of Zoom Video Communications fell nearly 5% Tuesday afternoon.

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  • Mercadolibre (MELI) Incurs Loss in Q4, Beats on Revenues

    MercadoLibre's (MELI) fourth-quarter results reflect benefits of growing commerce and fintech revenues. However, the reopening of retailers has been risky and mounting expenses have been concerning.

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  • MercadoLibre Revenue Surges 149%

    MercadoLibre (NASDAQ: MELI) continued its triple-digit growth streak to close out 2020 with a bang. The undisputed leader of e-commerce in Latin America grew revenue to $1.3 billion, up 149% year over year. The results were driven by online retail that soared 124%, while fintech revenue from its digital payments business jumped 60%.

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  • MercadoLibre (MELI) Q4 2020 Earnings Call Transcript

    MELI earnings call for the period ending December 31, 2020.

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  • MercadoLibre to Invest Record $1.8 Billion in Brazil

    (Bloomberg) -- Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.The firm plans to pour a record 10 billion reais ($1.8 billion) into Brazil in 2021, up from 4 billion reais last year, to be spent mostly on expanding its logistics network, said Commerce President Stelleo Tolda in an interview with Bloomberg News. Investments in other Latin American markets should also grow, he added, without providing a full figure for the region.The Buenos Aires-based company has already announced new distribution centers in Brazil and a dedicated aircraft operated by existing cargo carries. Ongoing efforts to shorten delivery time continued to bear fruits as the number of new users keeps rising, Tolda said.“Feedback from clients on our logistics network has been quite positive and that is a key point of our investment strategy,” he said.Read More: MercadoLibre Bulls Turn to Results After Record Rally FizzlesThe company’s net revenue totaled $1.3 billion in the fourth quarter, slightly above Bloomberg consensus estimates of $1.2 billion. Gross merchandise volume and total payment volume also beat consensus estimates. MercadoLibre also posted an loss per share of $1.02.The strong numbers follow a year in which the coronavirus pandemic pushed Latin Americans to buy more online and increasingly turn to digital payment options. In some countries, public policy also aided the boost, as in the case of Brazil, where a government stipend to those who were hardest hit helped maintain strong volumes, he said.Tolda acknowledged that now the challenge will be to maintain the momentum of the past year.“The bar for us will be higher from April onward,” said Tolda. “But growth potential for e-commerce and financial services is still huge.”Other highlights from the 4Q earnings call:Items sold grew by triple digits across all major marketsSlight deceleration in growth rates due to reopening of physical retail after pandemic lockdowns, but less than expectedMexico overtook Argentina as the second largest market, passing the $1 billion mark in quarterly gross merchandise volumeReduced average lead times by 30%MercadoPago payment volume reached almost $16 billion across all marketsTransactions in 4Q reached $659 million, growth of 131% year/yearFocus in consumer packaged goods continues to be around dry goods rather than fresh foodsThe company has a pilot project to offer a credit card in BrazilChile and Colombia other notable growing markets, with Chile showing fastest growth in any market, followed by Colombia(Updates with bullet points of further details from 4Q call. An earlier version of this story corrected Stelleo Tolda’s role in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • MercadoLibre Fourth Quarter Beats On Revenue, Misses Widely On Earnings

    Argentina-based e-commerce company MercadoLibre reported fourth-quarter results late Monday that topped revenue estimates but missed widely on earnings per share as the stock fell.

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  • UPDATE 2-MercadoLibre beats quarterly revenue expectations, but margins shrink

    Argentine e-commerce platform MercadoLibre Inc reported a record quarterly revenue on Monday, beating estimates, yet saw profit margins shrink from heavier spending to keep up with an online shopping boom driven by the COVID-19 pandemic. The company's gross profit margin dipped 8.9 percentage points from a year ago while costs swelled 36% due to the higher cost of goods and shipping expenses during the competitive holiday season, executives told a conference call with analysts. Speedy deliveries are a key competitive edge for e-commerce in Latin America, which still makes up a fraction of retail as MercadoLibre and its rivals, including global giant Amazon, vie for shoppers unaccustomed to spending money online.

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  • MercadoLibre, Inc. Reports Fourth Quarter 2020 Financial Results

    Net Revenues of $1.3 billion, up 148.5% year-over-year on an FX neutral basis$15.9 billion Total Payment Volume, up 134.4% year-over-year on an FX neutral basis$6.6 billion Gross Merchandise Volume, up 109.7% year-over-year on an FX neutral basis BUENOS AIRES, Argentina, March 01, 2021 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the quarter ended December 31, 2020. Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “Our strong performance during the quarter further established our leadership position in Latin America, which is the world’s fastest growing region for e-commerce, according to e-Marketer. These positive market dynamics, combined with our strong execution and focus, are reflected in our quarterly performance, where growth continued accelerating despite the gradual reopening of physical retail during the period.” Fourth Quarter 2020 Business Highlights Unique active users grew by 71.3% year-over-year, reaching 74.0 million.Gross merchandise volume (“GMV”) grew to $6.6 billion, representing an increase of 69.6% in USD and 109.7% on an FX neutral basis.Items sold reached 229.4 million, increasing by 109.5% year-over-year.Live listings offered on MercadoLibre’s marketplace reached 275.4 million.Mobile gross merchandise volume grew by 271.4% year-over-year on an FX neutral basis, reaching 72.1% of GMV.Mercado Envios shipped 214.0 million items during the quarter, representing a 131.2% year-over-year increase, totaling almost 650 million deliveries for the full year 2020.Total payment volume (“TPV”) through Mercado Pago reached $15.9 billion, a year-over-year increase of 83.9% in USD and 134.4% on an FX neutral basis. Total payment transactions increased 131.0% year-over-year, totaling 659.3 million transactions for the quarter.Off-platform TPV grew 93.3% year-over-year in USD and 150.4% year-over-year on a FX neutral basis, reaching $9.2 billion, while payment transactions reached 501.7 million, a year-over-year increase of 139.6%.Online Payments TPV grew 142.9% year-over-year on an FX neutral basis and continued expanding its merchant base. The sequential deceleration was mostly explained by a higher impact on long tail sellers amidst the easing of COVID-19 restrictions.MPOS continued its recovery towards pre-COVID levels, reaching 87.4% year-over-year growth on an FX neutral basis, with record activation rates and device sales leading to an increase in the amount of new active devices.Mobile Wallet delivered $3.3 billion in Total Payment Volume on a consolidated basis, leading to a 246.9% year-over-year growth on an FX neutral basis.Our asset management product, Mercado Fondo, now has almost $700 million under management and approximately 15.0 million users across Latin America.Mercado Credito’s portfolio grew to $479 million, more than doubling its size compared to the fourth quarter of 2019. Fourth Quarter 2020 Financial Highlights Net revenues for the fourth quarter were $1.3 billion, a year-over-year increase of 96.9% in USD and 148.5% on an FX neutral basis.Commerce revenues increased 124.2% year-over-year in USD reaching $872.9 million, while Fintech revenues increased 59.5% year-over-year in USD reaching $454.4 million.Gross profit was $489.0 million with a margin of 36.8%, compared to 45.7% in the fourth quarter of 2019.Total operating expenses were $514.2 million, an increase of 36% year-over-year in USD. As a percentage of revenues, operating expenses were 38.7%, compared to 55.9% during the fourth quarter of 2019.Loss from operations was $25.1 million, compared to a loss of $68.9 million during the prior year. As a percentage of revenues, income from operations was (1.9)%.Interest income was $22.6 million, a 15.9% decrease year-over-year, as a result of lower interest rates in our investment as a consequence of the pandemic, mainly offset by higher interest income in Argentina due to higher float.We incurred $31.6 million in financial expenses this quarter, mostly attributable to financial loans entered into 2020, mainly in Brazil and Argentina. We also incurred interest expenses from our trusts related to the factoring of our credit card receivables in Argentina.This quarter we had a foreign currency losses of $9.9 million mainly related to the difference between Argentina’s official exchange rate and the blue-chip swap rate at which we effectively carry out stock repurchases in Argentine Pesos.Net loss before taxes was $44.0 million, down from a loss of $63.0 million during the fourth quarter of 2019.Income tax expense was $6.6 million, driven for pre-tax gains in our Argentine segment offset by the impact of operating losses in Brazil.Net loss was $50.6 million, resulting in net loss per share of $1.02. The following table summarizes certain key performance metrics for the twelve and three months periods ended December 31, 2020 and 2019. Year ended December 31, Three-month Periods Ended December 31, (in millions) (*) 2020 2019 20202019 Unique active users 132.5 74.2 74.0 43.2 Number of confirmed new registered users during period 57.5 53.2 10.7 14.6 Gross merchandise volume $20,926.8 $13,997.4 $6,565.4 $3,871.3 Number of successful items sold 719.3 378.9 229.4 109.5 Number of successful items shipped 649.2 306.9 214.0 92.6 Total payment volume $49,756.8 $28,389.9 $15,942.1 $8,668.2 Total volume of payments on marketplace $19,951.4 $13,051.7 $6,336.0 $3,658.0 Total payment transactions 1,914.5 838.0 659.3 285.5 Capital expenditures $254.1 $141.4 $87.3 $40.6 Depreciation and amortization $105.0 $73.3 $32.6 $20.8 (*) Figures have been calculated using rounded amounts. Growth calculations based on this table may not total due to rounding. Year-over-year USD Revenue Growth Rates by Quarter Consolidated Net Revenues Q4’19 Q1’20 Q2’20 Q3’20 Q4’20 Brazil 61%31%37%57%68% Argentina 46%42%110%145%144% Mexico 86%74%96%111%141% Year-over-year Local Currency Revenue Growth Rates by Quarter Consolidated Net Revenues Q4’19 Q1’20 Q2’20 Q3’20 Q4’20 Brazil 74%55%87%112%120% Argentina 133%123%224%260%229% Mexico 80%81%138%140%155% Conference Call and Webcast The Company will host a conference call and audio webcast on March 1st, 2021 at 4:30 p.m. Eastern Time. The conference call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID – 4762658 –) and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call. Definition of Selected Operational Metrics Unique Active User – New or existing user who performed at least one of the following actions during the reported period: (1) made one purchase, or reservation, or asked one question on MercadoLibre Marketplace or Classified Marketplace (2) maintained an active listing on MercadoLibre Marketplace or Classified Marketplace (3) maintained an active account in Mercado Shops (4) made a payment, money transfer, collection and/or advance using Mercado Pago (5) maintained an outstanding credit line through Mercado Credito or (6) maintained a balance of more than $5 invested in a Mercado Fondo asset management account. Foreign Exchange (“FX”) Neutral – Calculated by using the average monthly exchange rate of each month of 2019 and applying it to the corresponding months in the current year, so as to calculate what the results would have been had exchange rates remained constant. Intercompany allocations are excluded from this calculation. These calculations do not include any other macroeconomic effect such as local currency inflation effects or any price adjustment to compensate local currency inflation or devaluations. Gross merchandise volume – Measure of the total U.S. dollar sum of all transactions completed through the Mercado Libre Marketplace, excluding Classifieds transactions. Total payment transactions – Measure of the number of all transactions paid for using Mercado Pago. Total volume of payments on marketplace – Measure of the total U.S. dollar sum of all marketplace transactions paid for using Mercado Pago, excluding shipping and financing fees. Total payment volume – Measure of total U.S. dollar sum of all transactions paid for using Mercado Pago, including marketplace and non-marketplace transactions. MPOS – Mobile point-of-sale is a dedicated wireless device that performs the functions of a cash register or electronic point-of-sale terminal wirelessly. Commerce – Revenues from core marketplace fees, shipping fees, sale of goods, ad sales, classified fees and other ancillary services. Fintech – Revenues includes fees from off-platform transactions, financing fees, interest earned from merchant and consumer credits and sale of MPOS. Successful items sold – Measure of the number of items that were sold/purchased through the Mercado Libre Marketplace, excluding Classifieds items. Successful items shipped – Measure of the number of items that were shipped through our shipping service. Local Currency Growth Rates – Refer to FX Neutral definition. Net income margin – Defined as net income as a percentage of net revenues. New confirmed registered users – Measure of the number of new users who have registered on the Mercado Libre Marketplace and confirmed their registration, excluding Classifieds users. Operating margin – Defined as income from operations as a percentage of net revenues. About MercadoLibre Founded in 1999, MercadoLibre is the largest online commerce ecosystem in Latin America, serving as an integrated regional platform and as a provider of the necessary digital and technology-based tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform which allows users to buy and sell in most of Latin America. The Company is listed on NASDAQ (Nasdaq: MELI) following its initial public offering in 2007. For more information about the Company visit: http://investor.mercadolibre.com. The MercadoLibre, Inc. logo is available at https://resource.globenewswire.com/Resource/Download/6ab227b7-693f-4b17-b80c-552ae45c76bf?size=0 Forward-Looking Statements Any statements herein regarding MercadoLibre, Inc. that are not historical or current facts are forward-looking statements. These forward-looking statements convey MercadoLibre, Inc.’s current expectations or forecasts of future events. Forward-looking statements regarding MercadoLibre, Inc. involve known and unknown risks, uncertainties and other factors that may cause MercadoLibre, Inc.’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” “Forward-Looking Statements” and “Cautionary Note Regarding Forward-Looking Statements” sections of MercadoLibre, Inc.’s annual report on Form 10-K for the year ended December 31, 2020, and any of MercadoLibre, Inc.’s other applicable filings with the Securities and Exchange Commission. Unless required by law, MercadoLibre, Inc. undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof. MercadoLibre, Inc. Consolidated Balance Sheets(In thousands of U.S. dollars, except par value) December 31, 2020 2019 Assets Current assets: Cash and cash equivalents$ 1,856,394 $ 1,384,740 Restricted cash and cash equivalents 651,830 66,684 Short-term investments (636,949 and 522,798 held in guarantee) 1,241,306 1,597,241 Accounts receivable, net 49,691 35,446 Credit cards receivable and other means of payments, net 863,073 379,969 Loans receivable, net 385,036 182,105 Prepaid expenses 28,378 45,309 Inventories 118,140 8,626 Other assets 152,959 88,736 Total current assets 5,346,807 3,788,856 Non-current assets: Long-term investments 166,111 263,983 Loans receivable, net 16,619 6,439 Property and equipment, net 391,684 244,257 Operating lease right-of-use assets 303,214 200,449 Goodwill 85,211 87,609 Intangible assets, net 14,155 14,275 Deferred tax assets 134,916 117,582 Other assets 67,615 58,241 Total non-current assets 1,179,525 992,835 Total assets$ 6,526,332 $ 4,781,691 Liabilities Current liabilities: Accounts payable and accrued expenses$ 767,336 $ 372,309 Funds payable to customers and amounts due to merchants 1,733,095 894,057 Salaries and social security payable 207,358 101,841 Taxes payable 215,918 60,247 Loans payable and other financial liabilities 548,393 186,138 Operating lease liabilities 55,246 23,259 Other liabilities 108,534 114,469 Total current liabilities 3,635,880 1,752,320 Non-current liabilities: Salaries and social security payable 49,852 26,803 Loans payable and other financial liabilities 860,876 631,353 Operating lease liabilities 243,601 176,673 Deferred tax liabilities 64,354 99,952 Other liabilities 20,191 12,627 Total non-current liabilities 1,238,874 947,408 Total liabilities$ 4,874,754 $ 2,699,728 Commitments and contingencies Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares authorized, 100,000 shares issued and outstanding at December 31, 2019$ — $ 98,843 Equity Common stock, $0.001 par value, 110,000,000 shares authorized, 49,869,727 and 49,709,955 shares issued and outstanding at December 31, 2020 and December 31, 2019$ 50 $ 50 Additional paid-in capital 1,860,502 2,067,869 Treasury stock (54,805) (720)Retained earnings 314,115 322,592 Accumulated other comprehensive loss (468,284) (406,671)Total Equity 1,651,578 1,983,120 Total Liabilities, Redeemable convertible preferred stock and Equity$ 6,526,332 $ 4,781,691 MercadoLibre, Inc.Consolidated Statements of IncomeFor the twelve and three-month periods ended December 31, 2020 and 2019(In thousands of U.S. dollars, except for share data) Year Ended December 31, Three Months Ended December 31, 2020 2019 2020 2019 Net revenues$ 3,973,465 $ 2,296,314 $ 1,327,304 $ 674,271 Cost of net revenues (2,264,255) (1,194,191) (838,270) (365,924)Gross profit 1,709,210 1,102,123 489,034 308,347 Operating expenses: Product and technology development (352,474) (223,807) (116,989) (58,020)Sales and marketing (902,554) (834,022) (282,350) (269,751)General and administrative (326,490) (197,455) (114,821) (49,463)Total operating expenses (1,581,518) (1,255,284) (514,160) (377,234)Income (loss) from operations 127,692 (153,161) (25,126) (68,887) Other income (expenses): Interest income and other financial gains 102,767 113,523 22,648 26,933 Interest expense and other financial losses (106,690) (65,876) (31,607) (21,187)Foreign currency (losses) gains (42,454) (1,732) (9,930) 167 Net income (loss) before income tax (expense) gain 81,315 (107,246) (44,015) (62,974) Income tax (expense) gain (82,022) (64,753) (6,565) 8,976 Net loss$ (707) $ (171,999) $ (50,580) $ (53,998) Year Ended December 31,Three Months Ended December 31, 2020 2019 2020 2019 Basic EPS Basic net loss Available to shareholders per common share$ (0.08) $ (3.71) $ (1.02) $ (1.11)Weighted average of outstanding common shares 49,740,407 48,692,906 49,820,185 49,709,955 Diluted EPS Diluted net loss Available to shareholders per common share$ (0.08) $ (3.71) $ (1.02) $ (1.11)Weighted average of outstanding common shares 49,740,407 48,692,906 49,820,185 49,709,955 MercadoLibre, Inc.Consolidated Statements of Cash FlowsFor the years ended December 31, 2020 and 2019 Year Ended December 31, 2020 2019 Cash flows from operations: Net loss $ (707) $ (171,999)Adjustments to reconcile net loss to net cash provided by operating activities: Unrealized devaluation loss, net 89,329 44,326 Depreciation and amortization 104,992 73,320 Accrued interest (45,593) (54,309)Non cash interest, convertible notes amortization of debt discount and amortization of debt issuance costs and other charges 147,977 86,995 Financial results on derivative instruments (1,935) (301)Stock-based compensation expense - restricted shares 730 395 Sale of fixed assets and intangible assets 3,814 — LTRP accrued compensation 129,575 51,662 Deferred income taxes (70,315) 16,453 Changes in assets and liabilities: Accounts receivable 12,069 (507)Credit cards receivable and other means of payments (521,979) (29,315)Prepaid expenses 16,204 (17,956)Inventories (106,981) (4,148)Other assets (113,819) (49,390)Payables and accrued expenses 584,281 143,495 Funds payable to customers and amounts due to merchants 937,639 267,293 Other liabilities (34,586) 45,452 Interest received from investments 51,857 49,625 Net cash provided by operating activities 1,182,552 451,091 Cash flows from investing activities: Purchase of investments (5,199,875) (4,490,678)Proceeds from sale and maturity of investments 5,532,463 3,353,606 Payment for acquired businesses, net of cash acquired (6,937) — Receipts from settlements of derivative instruments 17,779 — Payment from settlements of derivative instruments (4,136) — Receipts from the sale of fixed assets and intangible assets 274 — Purchases of intangible assets (93) (72)Changes in principal loans receivable, net (344,608) (173,848)Purchases of property and equipment (247,048) (136,798)Net cash used in investing activities (252,181) (1,447,790)Cash flows from financing activities: Payments on convertible note — (25)Purchase of convertible note capped calls (306,789) (96,367)Proceeds from loans payable and other financial liabilities 2,396,717 629,891 Payments on loans payable and other financing liabilities (1,785,272) (472,897)Payment of finance lease obligations (4,949) (1,929)Common Stock repurchased (54,085) (720)Dividends paid of preferred stock (3,356) (2,844)Proceeds from issuance of convertible redeemable preferred stock, net — 98,688 Proceeds from issuance of common stock, net — 1,867,215 Net cash provided by financing activities 242,266 2,021,012 Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents (115,837) (37,584)Net increase in cash, cash equivalents, restricted cash and cash equivalents 1,056,800 986,729 Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year 1,451,424 464,695 Cash, cash equivalents, restricted cash and cash equivalents, end of the year $2,508,224 $1,451,424 Financial results of reporting segments Three Months Ended December 31, 2020 Brazil Argentina Mexico Other Countries Total Net revenues $720,575 $323,451 $204,088 $79,190 $1,327,304 Direct costs (617,055) (242,855) (215,793) (70,676) (1,146,379) Direct contribution 103,520 80,596 (11,705) 8,514 180,925 Operating expenses and indirect costs of net revenues (206,051) Loss from operations (25,126) Other income (expenses): Interest income and other financial gains 22,648 Interest expense and other financial losses (31,607) Foreign currency losses (9,930) Net Loss before income tax expense $(44,015) Three Months Ended December 31, 2019 Brazil Argentina Mexico Other Countries Total Net revenues $428,327 $132,440 $84,825 $28,679 $674,271 Direct costs (373,417) (107,790) (135,840) (34,242) (651,289) Direct contribution 54,910 24,650 (51,015) (5,563) 22,982 Operating expenses and indirect costs of net revenues (91,869) Loss from operations (68,887) Other income (expenses): Interest income and other financial gains 26,933 Interest expense and other financial losses (21,187) Foreign currency gains 167 Net loss before income tax gain $(62,974) Non-GAAP Financial Measures To supplement our audited consolidated financial statements presented in accordance with U.S. GAAP, we present foreign exchange (“FX”) neutral measures as a non-GAAP measure. Reconciliation of this non-GAAP financial measure to the most comparable U.S. GAAP financial measure can be found in the tables below. This non-GAAP measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP and may be different from non-GAAP measures used by other companies. In addition, this non-GAAP measure is not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with U.S. GAAP. This non-GAAP financial measure should only be used to evaluate our results of operations in conjunction with the most comparable U.S. GAAP financial measures. We provide this non-GAAP financial measure to enhance overall understanding of our current financial performance and its prospects for the future, and we understand that this measure provides useful information to both Management and investors. In particular, we believe that FX neutral measures provide useful information to both Management and investors by excluding the foreign currency exchange rate impact that may not be indicative of our core operating results and business outlook. The FX neutral measures were calculated by using the average monthly exchange rates for each month during 2019 and applying them to the corresponding months in 2020, so as to calculate what our results would have been had exchange rates remained stable from one year to the next. The table below excludes intercompany allocation FX effects. Finally, these measures do not include any other macroeconomic effect such as local currency inflation effects, the impact on impairment calculations or any price adjustment to compensate local currency inflation or devaluations. The following table sets forth the FX neutral measures related to our reported results of the operations for the three-months period ended December 31, 2020: Three-month Periods Ended December 31, (*) As reported FX Neutral Measures As reported (In millions, except percentages) 2020 2019 Percentage Change 2020 2019 Percentage ChangeNet revenues $ 1,327.3 $ 674.3 96.9% $ 1,675.9 $ 674.3 148.5%Cost of net revenues (838.3) (365.9) 129.1% (1,045.4) (365.9) 185.7%Gross profit 489.0 308.3 58.6% 630.5 308.3 104.5% Operating expenses (514.2) (377.2) 36.3% (633.3) (377.2) 67.9%Loss from operations (25.1) (68.9) 63.5% (2.8) (68.9) 95.9% (*) The table above may not total due to rounding. CONTACT: MercadoLibre, Inc. Investor Relations investor@mercadolibre.com http://investor.mercadolibre.com

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  • MercadoLibre, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 1, 2021 / MercadoLibre, Inc. (FRA:MLB1) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 1, 2021 at 4:30 PM Eastern Time.

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  • Why MercadoLibre Stock Popped Before Earnings Today

    Shares of Argentine e-commerce star MercadoLibre (NASDAQ: MELI) are shooting higher Monday, up 3.9% as of 1:35 p.m. EST after analysts at investment bank Credit Suisse gave the stock a lift -- and a higher price target. MercadoLibre stock, which sells for just under $1,700 currently, will be worth $1,925 a share within 12 months, argues Credit Suisse in a note covered today on TheFly.com. CS cites an unspecified preannouncement of fourth-quarter earnings results (the official results are due out this evening, after close of trading), arguing that the company's anticipation of an operating loss for Q4 implies that MercadoLibre is not concerned with making a profit right now, but rather is returning to "the more aggressive growth path it set out for itself back in 2017," reports TheFly.

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  • Is MercadoLibre (MELI) Stock a Buy For 2021?

    Brown Capital Management International Equity Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. In the fourth quarter of 2020, the indexes that represent international equities rose: the MSCI ACWI ex USA Index increased 17.08%; the MSCI World ex USA Index went up 15.91%; and the MSCI EAFE […]

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    With this in mind, here's a rundown of three stocks that aren't frequently discussed on (or by) Wall Street analysts, but are worth a closer look all the same. Yes, this is the same Carrier Global (NYSE: CARR) that manufactures heating and air conditioning equipment. It's been around for ages, but the stock itself is less than a year old, born out of a spinoff from Raytheon Technologies in April of last year, in the early throes of the pandemic.

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  • Better Buy: MercadoLibre vs. Alibaba

    MercadoLibre (NASDAQ: MELI) and Alibaba (NYSE: BABA) are two of the world's largest e-commerce companies. MercadoLibre, founded in Argentina in 1999, is Latin America's leading e-commerce player with a presence in 18 countries. Alibaba launched the same year and has become China's top e-commerce and cloud services company.

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  • MercadoLibre, Inc. to Report Fourth Quarter 2020 Financial Results

    BUENOS AIRES, Argentina, Feb. 25, 2021 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its third fiscal quarter ended December 31st, 2020 on March 1st, 2020. The Company will host a conference call and audio webcast on March 1st, at 4:30 p.m. Eastern Time. The conference call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID – 4762658 –) and requesting inclusion in the call for Mercado Libre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call. About MercadoLibre MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America. Our efforts are centered on enabling e-commerce and digital and mobile payments on behalf of its customers by delivering a suite of technology solutions across the complete value chain of commerce. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile and Peru. Based on unique visitors and page views we are market leaders in each of the major countries were we are present. Through its online commerce platform and related services, MercadoLibre provides its users with robust online commerce and payments tools that not only contribute to the development of a large and growing e-commerce community in Latin America (a region with a population of over 605 million people and one of the fastest-growing Internet penetration rates in the world), but also foster entrepreneurship and social mobility. Its main focus is to deliver compelling technological and commercial solutions that address the distinctive cultural and geographic challenges of operating an online commerce and payments platform in Latin America. For more information about MercadoLibre.com, visit: http://investor.mercadolibre.com Investor Relations Contact:investor@mercadolibre.comhttp://investor.mercadolibre.com Media Relations Contact. valeria.bazzi@mercadolibre.com

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  • Why Stitch Fix, Sea Limited, and MercadoLibre Were Pulling Back Today

    Shares of high-flying e-commerce stocks including Stitch Fix (NASDAQ: SFIX), Sea Limited (NYSE: SE), and MercadoLibre (NASDAQ: MELI) were falling today on a broader sell-off in tech stocks. There was no major news out on any of these companies but they were likely falling in sympathy with Shopify (NYSE: SHOP), the e-commerce software company, which reported strong fourth-quarter earnings this morning but also warned that revenue growth would slow in 2021 as vaccines roll out, foreshadowing a slowdown across the e-commerce sector. As of 12:43 p.m. EST, Stitch Fix was down 8.3%, Sea Limited had fallen 4.1%, and MercadoLibre shares were off 3.6%.

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  • How an International Stock Fund Stays a Step Ahead of Wall Street’s Analysts

    The $1.9 billion Hartford Schroders International Stock fund looks for companies whose growth will catch Wall Street by surprise.

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  • GameStop and AMC Highlight the Most Important Lesson for Investors to Learn

    Given the world we live in and the tendency toward instant gratification (I'm looking at you AMC Entertainment (NYSE: AMC) and GameStop (NYSE: GME) traders), it can be difficult to watch a stock you've purchased languish and fail to make progress day after day or week after week. Famed investor Warren Buffett has even addressed this by saying, "The trick is, when there is nothing to do, do nothing." On this clip from Motley Fool Live, recorded on Jan 29, "The Wrap" host Jason Hall and Fool.com contributor Brian Withers discuss the importance of patience for long-term investors.

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