MercadoLibre Reports Third-Quarter Revenue of $10.75B and EPS of $8.83
Revenue and net income rose year over year, while operating income declined. The body attributes revenue growth to higher credit originations, first-party sales, total payment volume and gross merchandise volume, and cites higher shipping and operating costs and credit-loss provisions.
MercadoLibre’s third-quarter revenue and net income increased year over year, while operating income declined. Revenue growth reflected higher credit originations, first-party sales, total payment volume and gross merchandise volume; higher shipping and operating costs and credit-loss provisions we…