Comments on Quantitative Analysis Sector Comparison
Comments on Business
MercadoLibre offers six integrated e-commerce services:
KPI
Catalysts
Trade Structure
- Year-end shopping season is typically the strongest period.
- E-commerce and fintech in Latin America one of the fastest growth rates in the world.
Comments on Business
MercadoLibre offers six integrated e-commerce services:
- MercadoLibre Marketplace enables merchants and individuals to list merchandise and conduct sales and purchases digitally.
- MercadoLibre Classifieds is a listing services which allows users to list and purchase motor vehicles, real estate and services in the countries where the company operates.
- MercadoPago Fintech platform allows users to send and receive payments within MercadoLibre’s marketplace.
- Mercado Ads, the company’s advertising platform, enables businesses to promote their products and services on the internet.
- Mercado Shops is a digital storefront solution which allows users to set up, manage and promote their own digital stores.
- Mercado Envios logistics service provices integration with their-party carriers and logistics service providers to the sellers on the company’s platform.
KPI
- GMV of $10.51 billion jumped 22.9% and 47.2% on a reported and an FX-neutral basis, respectively, from the year-ago quarter. The figure surpassed the consensus mark of $10.04 billion.
- The number of successful items sold was 325 million, which increased 18.2% year over year and topped the consensus mark of 310 million. The
- number of successful items shipped rose 20.8% year over year to 319 million, which beat the consensus mark of 303 million.
- TPV increased 39.3% and 96.6% year over year on a reported and an FX-neutral basis, respectively, to $42.06 billion. This was driven by the
- strong performance of Mercado Pago. The figure came ahead of the Zacks Consensus Estimate of $40.8 billion.
- Off-Marketplace TPV was above $31 billion, up 129% year over year on a FX-neutral basis.
- Acquiring TPV, which includes on-platform, online payments, MPoS and QR payments, was $27.3 billion, up 31.2% year over year.
- Also, $14.8 billion of digital accounts’ TPV, including wallet payments, P2P transfers between Mercado Pago accounts and card transactions,
- surged 57.4% year over year.
- TPV on the marketplace was $11.07 billion, up 23% year over year. Total payment transactions increased by 68.9% year over year to 2.1 billion.
- Unique active users totaled 109 million, up 29.8% year over year. The figure came ahead of the Zacks Consensus Estimate of 101 million.
Catalysts
- Upcoming earnings performance.
Trade Structure
- Nov 17’23 1220/1390 Bull Call