Hello Global Investors,

Today, I’ll be taking a look at the latest Earnings Report of one of my favorites, Mercado Libre. MELI reported Q421 numbers recently and surprised a lot of folks - me included - with astonishing results. From the bread and butter e-commerce to logistics and especially on fintech and credit, MELI knocked out of the park in one of the toughest quarters for e-commerce stocks since the covid pandemic started.

Today I’ll do my best to highlight all of the most important points from this quarter’s release. However, before we go into it, I think I should explain my mindframe for this article. Usually on Earnings pieces I’ll do my best to tackle all the important points from all areas in the release. This time, since I already wrote a piece on Mercado’s last quarter's earnings - Q321 - I thought that doing it all again would be kind of repetitive (since a lot of metrics and trends repeated themselves this quarter).

That’s why I decided to focus on the star of the moment for this article: Mercado Pago. I’ll approach Mercado Envios (the logistic side of MELI) and of course the marketplace as always, but I’ll do it in a more brief way so we can better focus on the man of the hours, Fintech.

This will not be my standard approach to this kind of article, but I took this opportunity to test out this new format and hear some constructive feedback from you guys.

A quick Disclaimer before we start: I am not an analyst of any asset and this piece is not investment advice of any kind. The article’s goal is to be instructive in educational purposes and must never be interpreted as a call for a buy or sell of any stock. Do your own Due Diligence.

Now let’s go,

The Global Investor

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