Beaver Capital's avatar
$99.3m follower assets
MercadoLibre - defying the odds
Another incredible Q from $MELI. They continue to impress me with the execution despite the headwinds faced (macro, emerging markets, FX, etc). High confidence in the management team.

It is my top holding and now 14.1% of my growth portfolio.

I've said it before and I'll say it again... Pago is their hidden gem (not so hidden anymore) that I believe will overtake the marketplace revenues by either Q4 2022 or Q1 2023.

And for good measure, here are the Q2'22 quarterly metrics on all business units/segments.

Happy to hear your thoughts on $MELI and its future!
Steve Matt's avatar
I think Q1'23 is when Fintech revenue surpasses Commerce for the first time but yeah, Mercado Pago is a monster. Their Credito portfolio is the new Pago but the Portfolio Past Due numbers have to kept a close eye on.

MELI's also my largest position, ~6.5%.
Ben's avatar
I am really impressed with the 100% yoy growth in off platform Pago transactions. I agree, high conviction holding. 3rd largest for me