NASDAQ$MELI

MercadoLibre Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

MercadoLibre's third quarter results were driven by high demand for e-commerce and fintech services.

MercadoLibre, Inc. reported strong third-quarter results, driven by high demand for e-commerce and fintech services. Net revenues reached $1,115.7 million, up 148.5% year-over-year on an FX neutral basis. Total Payment Volume was $14.5 billion, up 161.2% year-over-year on an FX neutral basis, and Gross Merchandise Volume reached $5.9 billion, up 117.1% year-over-year on an FX neutral basis.

  • Unique active users grew 92.2% reaching 76.1 million.
  • Gross merchandise volume (“GMV”) reached $5.9 billion, representing an increase of 62.1% in USD and 117.1% on an FX neutral basis.
  • Items sold reached 205.7 million, growing 109.9% year-over-year.
  • Total payment volume (“TPV”) through Mercado Pago reached $14.5 billion, a year-over-year increase of 91.7% in USD and 161.2% on an FX neutral basis.

Headline financials

Total Revenue

$1.12B

Previous: $603M+85.0%
EPS (adj)

$0.28

Previous: -$0.95+129.5%
Gross Merchandise Volume

$5.9B

Previous: $3.64B+62.1%
Total Payment Volume

$14.5B

Previous: $7.57B+91.7%
Items Sold

205.7M

Previous: 98.0M+109.9%
Payment Transactions

559.7M

Previous: 227.0M+146.6%
Unique Active Buyers

76.1M

Previous: 39.6M+92.2%
Capital Expenditures

-$160M

Previous: -$101M-58.6%
Free Cash Flow

-$145M

Previous: -$247M+41.3%
Net Income

$15M

Previous: -$146M+110.3%
Operating Income

$83.1M

Previous: -$81.9M+201.4%
Gross Profit

$480M

Previous: $284M+68.9%
Cash & Equivalents

$1.14B

Previous: $1.42B-19.7%
Total Assets

$5.74B

Previous: $4.44B+29.2%

Revenue & EPS history

MercadoLibre · Revenue · Quarterly

$1.12B

Q3 2020+85%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+4.2%

Avg return

Earnings day

+4.3%

Avg return

5 days after

+4.5%

Avg return

30 days after

63%

44 / 70 earnings

Positive

+26.2%

Q2 2012

Best reaction

-15.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-12.7%-16.5%
Q4 2025-4.6%-7.6%-16.8%
Q3 2025+4.5%+0.4%-9.8%
Q2 2025-3.8%-4.8%+0.4%
Q1 2025+6.4%+11.2%+9.7%
Q4 2024+7.1%+4.1%-0.7%
Q3 2024-15.1%-6.2%-6.8%
Q2 2024+6.4%+8.5%+23.5%
Q1 2024+11.9%+15.9%+18.5%
Q4 2023-6.2%-7.5%-9.5%
Q3 2023+6.3%+10.8%+33.1%
Q2 2023+9.3%+12.3%+17.5%
Q1 2023-3.4%+2.3%+1.2%
Q4 2022+3.5%+9.1%+6.2%
Q3 2022+10.3%+10.1%+11.0%
Q2 2022+23.5%+22.3%+2.2%
Q1 2022-9.3%-24.3%-22.9%
Q4 2021-1.8%+18.6%+31.9%
Q3 2021+6.4%+11.6%-31.3%
Q2 2021+13.4%+11.4%+23.5%
Q1 2021-5.3%-9.3%-13.2%
Q4 2020+0.3%-10.2%-10.1%
Q3 2020+16.5%+7.8%+26.2%
Q2 2020-7.9%-3.1%-11.4%
Q1 2020+22.3%+29.2%+38.3%
Q4 2019+0.9%+13.8%-14.8%
Q3 2019-11.1%-12.0%+5.4%
Q2 2019+14.5%+3.8%-0.5%
Q1 2019+19.4%+11.3%+17.7%
Q4 2018+19.1%+20.4%+32.5%
Q3 2018+9.2%+3.6%+8.5%
Q2 2018+10.6%+3.3%-6.0%
Q1 2018-5.0%-10.5%-13.4%
Q4 2017+3.7%+0.6%-7.7%
Q3 2017+11.9%+11.1%+14.2%
Q2 2017-9.1%-12.1%-12.1%
Q1 2017+17.1%+19.9%+19.3%
Q4 2016+3.7%+5.2%+5.2%
Q3 2016+0.2%+4.8%-8.4%
Q2 2016+14.3%+12.5%+23.1%
Q1 2016+3.0%
Q4 2015-5.4%
Q3 2015+11.7%
Q2 2015-6.3%
Q1 2015-2.7%
Q4 2014-1.1%
Q3 2014+19.7%
Q2 2014+13.9%
Q1 2014+0.5%
Q4 2013+10.9%
Q3 2013-11.3%
Q2 2013+9.3%
Q1 2013+17.8%
Q4 2012-1.3%
Q3 2012+2.9%
Q2 2012+26.2%
Q1 2012-0.3%
Q1 2009-5.3%
Q4 2011-5.3%
Q3 2011+5.6%
Q2 2011+7.2%
Q1 2010-0.2%
Q1 2011-0.2%
Q4 2008-2.0%
Q4 2010-2.0%
Q3 2010+5.6%
Q3 2009+5.6%
Q2 2009+6.0%
Q4 2009+6.0%
Q2 2010+6.0%

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