MercadoLibre Q3 revenue grew 45%, but stock fell 12% due to declining profitability
MELI MercadoLibre Inc
$1532.68 +1.50%
View chart & analysis → - 1MercadoLibre recorded Q3 revenue of $10.75 billion, achieving a 45% year-over-year revenue growth rate.
- 2On November 5, MercadoLibre's stock price fell 12%, dropping more than 40% from its previous peak.
- 3CFO Martin De Los Santos explained that costs are incurred during quarters when capacity is being built, as revenue has not yet been generated.
So what's the key point?
MercadoLibre's Q3 revenue reached $10.75 billion. The stock price fell 12% as profitability declined.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.