🌎💻💰 MercadoLibre Q1 Profit Surges 44%, Argentina Drives Strong Rebound 🔹 Summary: MercadoLibre posted a 44% year-on-year profit jump in Q1, beating analyst expectations, with Argentina’s revived sales and credit demand pushing it back to the firm’s No. 2 market after Brazil. The Latin American e-commerce and fintech giant reported $494 million in net profit and $5.9 billion in revenue, outperforming forecasts amid broad regional growth and expanding credit operations. 🔹 Key Points: • Net profit: $494M vs. $420.9M expected, driven by a 126% GMV surge in Argentina. • Total revenue: $5.9B, up 37% year-on-year, topping analyst expectations. • EBIT: $763M, +45% YoY, with margin improving to 12.9% from 12.2%. • Credit portfolio grew 75% YoY to $7.8B, led by credit card expansion. • Default ratio (15–90 days) fell to 8.2% from 9.3% a year ago, despite a slight QoQ uptick. @CMEActiveTrader Tickers Of Interest: $ES $NQ $YM Tickers Of Interest: $MELI $USD $BRL $ARS $AMZN $SHOP $PYPL $SQ $SPY $QQQ $VT