Mercadolibre Stock Price, News & Analysis

MercadoLibre (MELI) announces a $440 million repurchase of its 2.00% convertible senior notes due 2028, anticipated to close by January 26, 2021. This repurchase is part of privately negotiated transactions dependent on the pricing of a prior cash offering of senior notes. The repurchase price will correlate with the volume-weighted average price of MELI's common stock during the determination period, which could influence stock market pricing. Approximately $440 million of the convertible notes will remain outstanding post-repurchase.

MercadoLibre, Inc. (Nasdaq:MELI) announced its first offering of guaranteed senior notes, known as the Sustainable Notes, aimed at financing projects with environmental and social benefits. The company plans to use proceeds to support investments in areas such as clean transportation, energy efficiency, and pollution control. The offering will depend on market conditions, and the company emphasizes that this announcement does not constitute an offer to sell or solicit any securities.

MercadoLibre reported third-quarter 2020 net revenues of $1,115.7 million, reflecting a 148.5% year-over-year increase on an FX neutral basis. Total payment volume reached $14.5 billion, up 161.2% year-over-year, while gross merchandise volume grew 117.1% to $5.9 billion. Unique active users surged 92.2% to 76.1 million. Despite higher revenues, gross profit margin decreased to 43.0% from 47.2% in 2019. Net income was $15.0 million with earnings per share of $0.28. The results highlight strong e-commerce and fintech demand across Latin America.

MercadoLibre, Inc. (Nasdaq:MELI) will release its financial results for Q3 2020 on November 4, 2020. The earnings call is scheduled for 4:30 p.m. Eastern Time and can be accessed via phone or an audio webcast. MercadoLibre operates the largest online commerce and payments platform in Latin America, with a presence in 18 countries including Argentina, Brazil, and Mexico. The company is a leader in traffic and transactions within these markets, contributing to the e-commerce ecosystem and fostering entrepreneurship in a region of over 605 million people.

MercadoLibre, Inc. (MELI) reported Q2 2020 net revenues of $878.4 million, marking a 123.4% year-over-year increase on an FX neutral basis. Total payment volume surged to $11.2 billion, up 142.1% year-over-year. The company achieved a gross merchandise volume of $5.0 billion, a 101.5% increase. Unique active users rose by 45.2% to 51.5 million. Net income reached $55.9 million, leading to earnings per share of $1.11. The performance reflects significant shifts in consumer behavior amid the pandemic.

MercadoLibre (MELI) announces a change in the release date for its second quarter 2020 earnings report. The report will now be available on August 10, 2020, at 9:00 a.m. Eastern Time, instead of the previously scheduled date of August 6. Conference call details remain unchanged, allowing investors to participate by dialing (877) 303-7209 or via audio webcast on the company's investor relations website. MercadoLibre remains the leader in online commerce and payments in Latin America, serving 18 countries and facilitating the region's growing e-commerce community.

MercadoLibre, Inc. (Nasdaq: MELI) plans to announce its second-quarter financial results for the fiscal year ending June 30, 2020, on August 6, 2020. The company will host a conference call at 3:00 p.m. ET on the same day. Investors can access the call by dialing (877) 303-7209 or via audio webcast through their investor relations website. Known as the leading online commerce and payments platform in Latin America, MercadoLibre serves 18 countries and focuses on e-commerce and mobile payments.

MercadoLibre has announced that its 2.00% Convertible Senior Notes due in 2028 have become convertible. This change allows holders of these notes to convert them into common stock until September 30, 2020. The conversion option is triggered by the company's stock price exceeding 130% of the conversion price for at least 20 of the last 30 trading days of Q2 2020, giving investors an opportunity to benefit from the stock’s appreciation.

MercadoLibre (MELI) reported a robust financial performance for Q1 2020, with net revenues of $652.1 million, marking a 70.5% increase year-over-year on an FX neutral basis. Total payment volume (TPV) reached $8.1 billion, up 82.2% year-over-year, while gross merchandise volume (GMV) increased by 34.2% to $3.4 billion. Unique active users surged by 30.9% to 43.2 million. Despite a loss from operations of $29.7 million, a significant reduction from prior losses, the company remains optimistic amid challenges posed by COVID-19.