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Hi Fellow Fools,

MELI reported earnings after the closing bell. Here is what we know so far:

- eps of .88 vs expectations of .67

- revenue of $180.7M vs expectations of $171.6M (up 12% in USD, 69% in local currencies)

- Sold Items of 36.8 million, up 27%

Important side not: This increase was primarily driven by Argentina’s operation, which posted strong growth of 58.2% year-over- year.

- Gross Merchandise Volume was $2,006.1 million, an 85.8% growth in local currencies and accelerating to 11.6% in USD.

- Total payment transactions through MercadoPago were 25.4 million, accelerating to 78.6% year over year. Total payment volume was $1,556.4 million in the last quarter of 2015, a year-over-year growth of 97.0% in local currencies and 41.7% in USD.

- MercadoEnvios shipped close to 70% of units sold in Brazil during the quarter, and half of the items in all four countries: Brazil, Argentina, Mexico, and Colombia.

- Launched the operation in three new geographies this quarter: Bolivia, Paraguay and Guatemala.

The increase in Argentina is particularly noteworthy due fear regarding the economic situation there. This shows that MELI can continue to grow even in tough headwinds. And also, adding new countries!

http://finance.yahoo.com/news/mercadolibre-inc-reports-fourt...

More to come. I will post my notes from the call as soon as I can.

Danny
MELI, ATW, IMAX Ticker Guide
Long MELI
Phoenix 1 Contributor
All of TMFLifeIsGood’s holdings are listed here:
http://my.fool.com/profile/TMFLifeIsGood/info.aspx
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