MoneyLion

The following are the minutes of the Mercado Q3 2025 earnings call organized by Dolphin Research. For financial report interpretation, please refer to "Meli: Profit Miss? It Might Just Be the 'Growing Pains' Before Victory." I. Review of Core Financial Data II. Detailed Information from the Earnings Call Key Management Statements 1. Market Opportunities and Company Positioning The company will continue to invest resources to seize the upcoming significant growth opportunities in the e-commerce and fintech sectors. The company has unique advantages that can drive the financial inclusion process in Latin America and the transition from offline to online retail...

The Latin American version of "Alibaba"—$Mercadolibre(MELI.US) (hereinafter referred to as Meli) released its financial report for the third quarter of 2025 on October 30. Overall, the revenue side performed well, with accelerated growth quarter-on-quarter and slightly exceeding expectations. Conversely, due to increased logistics subsidies within the e-commerce segment and a decline in financial business due to structural factors and interest rates, profit margins fell short of sell-side expectations. 1. Growth outperformed but profits underperformed: In terms of overall performance, Meli's total revenue (denominated in USD) grew approximately 39.5% year-on-year, with a significant acceleration from the previous quarter...