MELI is trading at $1658.22 (-11.33%) as investors react to Q1 2026 earnings where significant margin contraction overshadowed a strong revenue beat.
- While revenue grew 49% YoY to $8.85B (beating estimates), EPS missed expectations at $8.23 versus the $8.83 consensus.
- Operating margins fell to 6.9% from 12.9% in the prior year, driven by heavy investments in Brazil shipping, credit card expansion, and retail logistics.
- Today's plunge extends a post-earnings selloff as the market pivots focus from top-line growth to the impact of aggressive reinvestment on near-term profitability.