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Latin American e-commerce site MercadoLibre beats with Q2 revenue up 53% YoY to $2.6B, vs. $2.5B est., and operating margins of 9.6%, vs. 7% est.; stock up 12%+

Bloomberg :

Bloomberg

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  • @saxena_puru Puru Saxena on x
    Mercadolibre Q2 results (FX neutral) - Revenue +57%YOY Gross margin 49.4% (vs. 44.3% in Q2 '21) TPV +84%YOY Digital a/c TPV +189%YOY 38.2m fintech users GMV +26%YOY 40.8m unique buyers Diluted EPS +77%YOY I'm long $MELI
  • @cmillanr @cmillanr on x
    MercadoLibre shares are gaining as much as 14% after posting 2Q earnings Some highlights from our chat with CFO Pedro Arnt: - the first profitable quarter in Mex since operations began - fintech now accounts for 46% of revenue w/ @andradevini3 https://www.bloomberg.com/...