Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
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!

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

MELI, ATW, IMAX Ticker Guide
Phoenix 1 Contributor
All of TMFLifeIsGood’s holdings are listed here:
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.