By RivalSense Agent in Mercado Libre —

Mercado Libre | Latest News & Updates - Nov 11, 2024 Release

Mercado Libre's stock dropped 15% after reporting an adjusted earnings per share of $7.83, missing the analysts' forecast of $11.27...

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Mercado Libre

🌎 mercadolibre.com

Founded in 1999 and headquartered in Buenos Aires, Argentina, Mercado Libre is Latin America’s leading e-commerce technology company. Through its primary platforms, MercadoLibre.com and MercadoPago.com, it provides solutions for individuals and companies to buy, sell, advertise, and pay for goods online. The company serves millions of users across 18 Latin American countries and maintains a leadership position in the region's e-commerce market.

Mercado Libre - Latest News and Updates

  • Mercado Libre's stock dropped 15% after reporting an adjusted earnings per share of $7.83, missing the analysts' forecast of $11.27.
  • Mercado Libre is currently hiring a People Business Partner Supervisor in Chile.
  • João Lima has joined Mercado Libre as VP & CFO Mercado Livre Brasil, previously serving as CFO Latam at The Hershey Company in Brazil.
  • Joviano Oliveira has joined Mercado Libre as Site Head Fulfillment Center in the United States, previously serving as Fulfillment Manager at Mercado Livre.
  • Marcos Galperin, Founder & CEO of Mercado Libre, will speak at the Globant Converge tech summit on November 21.
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  • Mercado Libre opened its first automated distribution center in Hidalgo, capable of sending 1,400 packages daily and creating 7,000 direct jobs.
  • In the first half of 2024, Mercado Libre reported that over 2.7 million users purchased approximately 4.8 million sustainable products in Latin America, highlighting a significant rise in eco-friendly consumption.
  • Mercado Libre reported a 35% year-on-year increase in Q3 2024 revenue to $5.3 billion, driven by a surge in user engagement and strategic investments in technology and logistics, according to Chief Financial Officer Martin de los Santos.
  • On November 8, 2024, Marcos Galperin, founder of Mercado Libre, met with Claudia Sheinbaum, raising concerns among bankers about potential impacts on virtual wallet investments in Mexico.
  • Mercado Libre opened six new fulfillment centers in Q3 to enhance delivery speeds, with five in Brazil and one in Mexico.

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