MercadoLibre (NASDAQ:MELI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.07b (up 49% from 2Q 2023).
• Net income: US$531.0m (up 103% from 2Q 2023).
• Profit margin: 11% (up from 7.7% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$10.47 (up from US$5.22 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MercadoLibre Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

The company's shares are up 7.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of MercadoLibre's balance sheet and an in-depth analysis of the company's financial position.

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