MercadoLibre, Inc. Reports Second Quarter 2024 Financial Results
Rhea-AI Summary
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.
Positive
- Largest online commerce ecosystem in Latin America
- Present in 18 countries with a potential market of over 650 million people
- Offers both e-commerce and fintech solutions
- Operating in a region with fast-growing Internet penetration and e-commerce growth rates
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MELI gained 10.59%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Motevideo, Aug. 01, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; August 1, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended June 30, 2024, in a Letter to Shareholders, which is now posted to the company’s Investor Relations website https://investor.mercadolibre.com.
The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on August 1, at 5:00 p.m. Eastern Time.
To access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/wxyza35x and register at the platform to attend the live event.
To participate in our conference call Q&A, investors, analysts and the market in general may access the following link at https://register.vevent.com/register/BI2845308aed8a4e48be500f4ec4a07bec to be provided with the dial-in number and personal pin code to join the conference call and to be able to pose questions.
Access to our video webcast and the live audio will be available in 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 is the largest online commerce ecosystem in Latin America, based on unique visitors and processed orders, and is also one of the region’s leading fintech platforms. Our efforts are centered on enabling e-commerce and digital financial services for our users by delivering a complete suite of technology solutions. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Colombia and Peru.
Through its e-commerce platform, MercadoLibre provides buyers and sellers with a robust and safe environment that fosters the development of a large e-commerce community in Latin America, a region with a population of over 650 million people and with one of the fastest-growing Internet penetration and e-commerce growth rates in the world. We believe that we offer world-class technological and commercial solutions that address the distinctive cultural and geographic challenges of operating a digital commerce platform in Latin America.
Through its fintech platform, MercadoPago, the company offers a comprehensive set of financial technology services to users of its e-commerce platform, and to users outside of its e-commerce platform. For individuals, those services include a digital account that offers a debit card, online payments, insurance, savings, investments and credit lines. For merchants, MercadoPago offers online and physical point-of-sale payments processing services as well as the digital account. For more information about MercadoLibre.com, visit: http://investor.mercadolibre.com.
Investor Relations Contact:
investor@mercadolibre.com
http://investor.mercadolibre.com
Media Relations Contact:
valeria.bazzi@mercadolibre.com
FAQ
When did MercadoLibre (MELI) release its Q2 2024 financial results?
What is the date and time of MercadoLibre's (MELI) earnings video conference for Q2 2024?
In how many countries does MercadoLibre (MELI) operate as of Q2 2024?
What financial services does MercadoPago, MercadoLibre's (MELI) fintech platform, offer?
