Mercadolibre Inc is a leading e-commerce and fintech company based in Latin America, specializing in providing a comprehensive online marketplace for buying and selling a wide variety of products. The platform enables individuals and businesses to engage in transactions efficiently, offering features such as auctions, fixed-price listings, and a robust payment processing system through its integrated service, Mercado Pago. Additionally, the company has expanded its reach into logistics, ensuring smooth delivery services to enhance the shopping experience. With a focus on innovation and technology, Mercadolibre continuously strives to empower merchants and consumers across Latin America, driving growth in the digital economy. Read More
Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 4.2% in the morning session after news of significant institutional buying, including a major investment from Michael Burry's Scion Asset Management, bolstered investor confidence.
Latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 33.8% year on year to $6.79 billion. Its non-GAAP profit of $10.31 per share was 12.2% below analysts’ consensus estimates.
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Latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) announced better-than-expected revenue in Q2 CY2025, with sales up 33.8% year on year to $6.79 billion. Its GAAP profit of $10.31 per share was 13.3% below analysts’ consensus estimates.
