Key takeaways

  • MercadoLibre’s revenue jumped 45% last quarter while its margins shrank.
  • Operating income fell 6% to $676 million, and the operating margin shrank to 6.3% from 9.8% a year earlier.
  • Items sold in Brazil rose 45% in the quarter, but each package now brings in less revenue.

After the market closed yesterday, MercadoLibre (MELI) reported third-quarter revenue of $10.75 billion, up 45% from a year ago. Operating income fell 6% to $676 million, and the operating margin shrank to 6.3% from 9.8% a year earlier.

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