MercadoLibre falls on third straight quarterly profit decline

MercadoLibre

06/08/2026 15:21

** U.S.-listed shares of MercadoLibre MELI.O fall 7.1% to $149.90
** The Uruguay-based e-commerce and fintech company reports a third consecutive quarterly profit decline, which overshadows record revenue and a beat on earnings
** Profit fall due to heavier spending on free shipping in Brazil and credit-card expansion, though net income of $466 mln and revenue of $10.2 bln both top estimates, per LSEG data
** Co says it is deliberately reinvesting gains to strengthen the business and grow its base of high-value users active in both its e-commerce and fintech platforms
** Including session's moves, MELI down ~11.6% YTD, underperforming the Nasdaq's .IXIC 13.7% rise

 (Reporting by Ragini Mathur in Bengaluru)
 ((Ragini.Mathur@thomsonreuters.com;))