MELI is trading at $1774.30 (-5.1%) in after-hours following its Q1 2026 earnings release, which saw a net income miss and margin compression despite a revenue beat.
- Revenue surged 49% YoY to $8.85B, beating estimates behind strong growth in Brazil.
- Net income fell 16% to $417M ($8.23/share), missing expectations as heavy investments compressed operating margins by 600bps.
- Shares are extending a regular session decline amid broader market weakness, with the S&P 500 down 0.24%.