Categories Earnings, Technology

MercadoLibre, Inc. (NASDAQ: MELI): Q4 2019 Earnings Snapshot

— MercadoLibre, Inc. (NASDAQ: MELI) reported a net loss of $54 million or $1.11 per share for the fourth quarter of 2019, vs. $0.66 per share loss expected.

— Net revenues grew 57.5% annually to $674.3 million, vs. $646.82 million expected

— Total payment volume through Mercado Pago surged 63.5% year-over-year to $8.7 billion; gross merchandise volume advances 19.7% annually to $3.9 billion

— Mercado Pago delivered effective execution in off-platform payments, through merchant services, mobile point-of-sale devices, and its mobile wallet business

— Mobile wallet surpassed the 1-billion mark for the first time, delivering $1.3 billion in transactions on a consolidated basis in Q3

— Items sold reached 109.5 million during the quarter, up 28% year-over-year

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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