MercadoLibre, Inc. (MELI)
| Market Cap | 88.24B |
| Revenue (ttm) | 15.77B |
| Net Income (ttm) | 1.13B |
| Shares Out | 50.70M |
| EPS (ttm) | 22.20 |
| PE Ratio | 78.34 |
| Forward PE | 48.04 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 289,871 |
| Open | 1,728.00 |
| Previous Close | 1,718.50 |
| Day's Range | 1,721.01 - 1,752.17 |
| 52-Week Range | 1,063.02 - 1,825.00 |
| Beta | 1.45 |
| Analysts | Strong Buy |
| Price Target | 1,820.83 (+4.7%) |
| Earnings Date | May 2, 2024 |
About MELI
MercadoLibre, Inc. operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websit... [Read more]
Financial Performance
In 2023, MercadoLibre's revenue was $14.47 billion, an increase of 37.35% compared to the previous year's $10.54 billion. Earnings were $987.00 million, an increase of 104.77%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for MELI stock is "Strong Buy." The 12-month stock price forecast is $1,820.83, which is an increase of 4.70% from the latest price.
News
Mercado Libre's Investments in Mexico Propel Earnings
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thur...
MercadoLibre, Inc. Reports First Quarter 2024 Financial Results
Montevideo, May 02, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended March 31, 2024, in a Letter to Share...
MercadoLibre (MELI) stock price analysis ahead of Q1 earnings
MercadoLibre (NASDAQ: MELI) stock price will be in the spotlight on Thursday as investors focus on the company's financial results. It has risen to a high of $1,485 from a low of $1,325, its lowest po...
MercadoLibre, Inc. to Report First Quarter 2024 Financial Results
Montevideo, April 29, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. to Report First Quarter 2024 Financial Results MONTEVIDEO, Uruguay; April 29, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:...
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E-commerce firm MercadoLibre to increase staff by 30% in 2024
Latin American e-commerce giant MercadoLibre plans to increase total staff by 30% in 2024 by hiring some 18,000 people as it seeks to build its business in Mexico and elsewhere, it said on Wednesday.
MercadoLibre to hire 6,500 people in Brazil in 2024
Latin American e-commerce giant MercadoLibre is planning to hire 6,500 people in Brazil this year, President Luiz Inacio Lula da Silva's office said on Monday, after he met with the firm's top executi...
MercadoLibre to increase investments in Brazil to $4.6 bln in 2024
Latin American e-commerce giant MercadoLibre said on Tuesday it plans to invest a record 23 billion reais ($4.6 billion) in 2024 in Brazil, its main market, a 21.1% increase from 2023.
MercadoLibre, Inc. Publishes its 2024 Institutional Presentation for Investors
Montevideo, March 18, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Publishes its 2024 Institutional Presentation for Investors
Mercado Libre Investing $2.5 Billion to Bolster Growth in Mexico
Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023.
E-commerce giant MercadoLibre's 4th-quarter profit stable after tax hit
Latin American e-commerce giant MercadoLibre on Thursday reported a $165 million fourth-quarter net profit, as higher sales were offset by a tax hit, with results flat versus the year-ago period.
MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results
Montevideo, Feb. 22, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results
MercadoLibre, Inc. to Report Fourth Quarter 2023 Financial Results
Montevideo, Feb. 19, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) ( http://www.mercadolibre.com) announces that it intends to release financial results for its fourth fiscal quarter end...
Amazon, Mercado Libre may threaten e-commerce competition, Mexican regulator says
Mexican antitrust regulator Cofece on Tuesday said it had identified "possible barriers" to competition in the e-commerce market, with Amazon and Mercado Libre together controlling more than 85% of tr...
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Mercado Libre Surpasses Expectations With Strong Q3 Earnings
Latin American eCommerce platform Mercado Libre reported third-quarter earnings that surpassed expectations and showcased its success in the region. The company's income from operations reached a reco...
MercadoLibre, Inc. Third Quarter 2023 Letter to Shareholders
Net Revenues of $3.8 billion, up 69.1% year-over-year on an FX neutral basis Income from operations of $685 million, with a 18.2% margin $47.3 billion Total Payment Volume, up 121.2% year-over-year on...
MercadoLibre, Inc. Reports Third Quarter 2023 Financial Results
MONTEVIDEO, Uruguay, Nov. 01, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, today reported financ...
MercadoLibre, Inc. to Report Third Quarter 2023 Financial Results
MONTEVIDEO, Uruguay, Oct. 25, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, intends to release fi...
Pachama Announces Major New Forest Carbon Purchase from Mercado Libre's Regenera América program, Bringing Total Investment to $23.7 Million
SAN FRANCISCO--(BUSINESS WIRE)--Pachama, the technology company on a mission to solve climate change by restoring nature, today announced that it has secured a critical investment from Latin America's...
MercadoLibre Announces Convertible Note Redemption
MONTEVIDEO, Uruguay, Sept. 19, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) today announced that it will redeem all of its outstanding 2.00% Convertible Senior Notes due 2028 on November...
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