MercadoLibre, the largest e-commerce platform in Latin America, announced its quarterly financial results on Wednesday, revealing a mixed performance. The company reported a net profit of $421 million, which fell short of the $481 million forecasted by analysts. This shortfall is attributed to foreign currency impacts and diminished demand in Argentina.

Despite the profit miss, MercadoLibre's revenue exceeded expectations, hitting $7.4 billion, above the $7.2 billion anticipated. A significant contributor to this was the company's strategic initiatives in Brazil, where a reduction in the free-shipping threshold resulted in a 34% GMV rise. Although this strategy aided revenue, it pressured operational margins to 9.8%.

The company's leadership remains committed to pursuing growth opportuni

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