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MELI
Benzinga
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MercadoLibre Q3 Earnings Highlights: 30% Revenue Growth For 27th Straight Quarter — 'The Best Is Yet To Come'

1. MercadoLibre reported Q3 revenue of $7.41 billion, up 39% year-over-year. 2. Earnings per share of $8.32 missed estimates of $9.68. 3. Total payment volume increased 41% to $71.2 billion in Q3. 4. Unique buyers in Brazil rose 29%, highest growth since Q1 2021. 5. The company is expanding operations in advertising and loyalty segments.

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FAQ

Why Bullish?

Despite missing EPS estimates, revenue growth shows strong market demand. Historical trends indicate resilience during earnings dips, as MELI's long-term growth potential remains.

How important is it?

MELI's strong revenue growth and increased unique buyers indicate long-term positive outlook, despite short-term EPS concerns.

Why Long Term?

Strong revenue growth and expansion plans suggest sustained future performance. Delays in EPS might affect immediate market sentiment, but growth opportunities remain.

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