Reported 2 months ago
MercadoLibre Inc., the leading e-commerce and payments company in Latin America, reported impressive second-quarter results, with net revenue reaching $5.1 billion and net income doubling to $531 million, both surpassing analyst expectations. The company also saw a record number of users on its fintech platform, with a total payment volume of $46 billion, and unique e-commerce users approaching 57 million. Shares surged in after-hours trading as MercadoLibre continues its expansion in online services and financial solutions.
Source: YAHOO