NASDAQ$MELI

MercadoLibre Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

MercadoLibre's Q4 2020 financial results were reported, showing significant growth in net revenues, total payment volume, and gross merchandise volume.

MercadoLibre reported strong Q4 2020 results, with net revenues increasing by 148.5% on an FX neutral basis to $1.3 billion. Total Payment Volume reached $15.9 billion, up 134.4% year-over-year on an FX neutral basis, and Gross Merchandise Volume grew to $6.6 billion, up 109.7% year-over-year on an FX neutral basis. Unique active users grew by 71.3% year-over-year, reaching 74.0 million.

  • Net revenues increased by 148.5% year-over-year on an FX neutral basis, reaching $1.3 billion.
  • Total Payment Volume grew by 134.4% year-over-year on an FX neutral basis, reaching $15.9 billion.
  • Gross Merchandise Volume increased by 109.7% year-over-year on an FX neutral basis, reaching $6.6 billion.
  • Unique active users grew by 71.3% year-over-year, reaching 74.0 million.

Headline financials

Total Revenue

$1.33B

Previous: $674M+96.8%
EPS (adj)

-$1.02

Previous: -$1.11+8.1%
Gross Merchandise Volume

$6.57B

Previous: $3.9B+68.3%
Total Payment Volume

$15.9B

Previous: $8.7B+83.2%
Items Sold

229.4M

Previous: 109.5M+109.5%
Payment Transactions

659.3M

Previous: 285.5M+130.9%
Unique Active Buyers

74.0M

Previous: 24.1M+207.1%
Capital Expenditures

$87.3M

Previous: $36.1M+141.9%
Free Cash Flow

$169M

Previous: $42.2M+301.1%
Net Income

-$50.6M

Previous: -$54M+6.3%
Operating Income

-$25.1M

Previous: -$68.9M+63.5%
Gross Profit

$489M

Previous: $308M+58.6%
Cash & Equivalents

$1.86B

Previous: $1.38B+34.1%
Total Assets

$6.53B

Previous: $4.78B+36.5%

Revenue & EPS history

MercadoLibre · Revenue · Quarterly

$1.33B

Q4 2020+96.8%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+4.2%

Avg return

Earnings day

+4.3%

Avg return

5 days after

+4.0%

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%-14.0%
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%
Q4 2011-5.3%
Q1 2009-5.3%
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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