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Mercado Libre (MELI) shares climb to a new record high after the Latin American e-commerce and fintech company reported earnings that beat on the top and bottom lines. Revenue came in at $6.1 billion, with Wall Street expecting $5.96 billion, while earnings per share was $12.61, compared to the $7.91 expected.
Mercado Libre CFO Martín de los Santos joins Market Domination Overtime with Julie Hyman and Alexandra Canal to discuss the results.
He says the fourth quarter results marked the end of a "great" year. The earnings were "very strong in both sides of our ecosystem," de los Santos says, explaining that "both commerce and fintech are performing extremely well."
Watch the video above to hear about the regions Mercado Libre operates in, the opportunity for its fintech business in Latin America, the impact of US President Donald Trump's tariffs, and more from the CFO.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
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This post was written by Naomi Buchanan.