- Revenue: Up 53% YoY and 60% TTM over previous TTM
- Gross, operating, and net margins up YoY and TTM
- FCF of $808MM and over $1B TTM
- Unique Active Users up 11% to 84MM
- Mercado Envios is seeing good penetration with logistics penetration network cracking 91% for the first time ever, coming in aT 91.1%.
- Commerce revenue increase 23% YoY / 44% TTM, their lowest number in years, but Fintech was up 113% and 91% TTM. Fintech is killing it.
- On the Commerce side, GMV was up 22% YoY and the take rate was up 1% YoY. Commerce take rate is under pressure though and has no decreased sequentially for two straight quarters. Items sold was up 12% YoY.
- Mercado Credito booming with a credit portfolio of $2.687B, up 232% YoY and 516% TTM.
- Fintech is where it's at though. TPV up 72% YoY and 61% TTM. On a TTM basis, this is the first time they have over $100B in TPV.
- TPV on marketplace was 25% YoY and TPV off marketplace was up 106% YoY. Bananas adoption of Mercado Pago.
- Unique Active Fintech Users is up to 38.2MM, an increase of 27% YoY while Wallet Payers rose 42% YoY.
- Do Investment Accounts interest you? That's up to 22.4MM, a rise of 16%.
- Fintech take rate hit a record high of 4%.
- Total Payment Transactions jumped 73% to 1.262B transactions.
My favorite stat: Mercado Libre, a tech company, has diluted shareholders by 13%... since 2016.
They remain my top position by both cost basis and current market value.