NASDAQ$MELI

MercadoLibre Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a strong fourth quarter with revenue growth and increased payment volume.

MercadoLibre, Inc. reported Q4 2019 financial results with net revenues of $674.3 million, up 84.4% YoY on an FX neutral basis. Total Payment Volume reached $8.7 billion, up 98.5% YoY on an FX neutral basis, and Gross Merchandise Volume was $3.9 billion, up 39.7% YoY on an FX neutral basis.

  • Total payment volume through Mercado Pago reached $8.7 billion, a year-over-year increase of 63.5% in USD.
  • Off-platform TPV reached $4.7 billion in transactions.
  • Gross merchandise volume increased to $3.9 billion, representing a 19.7% increase in USD.
  • Items sold reached 109.5 million, growing 28.0% year-over-year.

Headline financials

Total Revenue

$674M

Previous: $428M+57.5%
EPS (adj)

-$1.11

Previous: -$0.05-2120.0%
Gross Merchandise Volume

$3.9B

Previous: $3.23B+20.6%
Total Payment Volume

$8.7B

Previous: $5.3B+64.1%
Items Sold

109.5M

Previous: 85.6M+27.9%
Payment Transactions

285.5M

Previous: 125.6M+127.3%
Unique Active Buyers

24.1M

Previous: 19.0M+26.8%
Capital Expenditures

$36.1M

Previous: $28M+28.8%
Free Cash Flow

$42.2M

Previous: $6.8M+520.4%
Net Income

-$54M

Previous: -$2.34M-2211.6%
Operating Income

-$68.9M

Previous: -$819K-8311.1%
Gross Profit

$308M

Previous: $205M+50.6%
Cash & Equivalents

$1.38B

Previous: $440M+214.5%
Total Assets

$4.78B

Previous: $2.24B+113.5%

Revenue & EPS history

MercadoLibre · Revenue · Quarterly

$674M

Q4 2019+57.5%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

MercadoLibre is focused on prioritizing growth, driving cost efficiencies, and scaling benefits through larger, more consolidated businesses in the upcoming year. They are committed to investing in growth, building superior experiences and products, and disrupting commerce and finance in Latin America.

Tailwinds

  • Prioritizing growth with a focus on cost efficiencies.
  • Scaling benefits through larger, more consolidated businesses.
  • Investing appropriately behind growth initiatives.
  • Building superior experiences for consumers and merchants.
  • Committed to disrupting commerce and finance in Latin America.

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 Q4 2019

Historical avgQ4 2019

+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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