MercadoLibre, Inc. (MELI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to the MercadoLibre earnings conference call for the quarter ended September 30th, 2025. Thank you for joining us. I'm Richard Cathcart, MercadoLibre's investor relations officer. Today, we will share our quarterly highlights on video, after which we'll begin our live Q&A session with our management team. Before we go on to discuss our results for the third quarter of 2025, I remind you that management may make or refer to and this presentation may contain forward looking statements and non-GAAP measures. So please refer to the disclaimer on screen, which will also be available in our earnings materials on our investor relations website. Please note that this call is being recorded and a replay will be made available on our IR website as well. Our quarterly product updates video will now be released after earnings instead of alongside our conference call. so watch out for this coming to your inboxes in the weeks after our results disclosure with that let's begin with a short message from our cfo Hello, everyone. This quarter, we continue to invest to capture the immense growth opportunities that are ahead of us in commerce and fintech. We are exceptionally well positioned to drive financial inclusion at the offline to online retail shift in Latin America. Revenues grew by 39% year on year, marking the 27th consecutive quarter of growth above 30%. Our consistent top-line growth comes as a result of the investments we have made across our ecosystem. The recent reduction in the free shipping threshold in Brazil has already delivered strong results with both GMV and items sold accelerating in the quarter. We also saw a strong growth in buyers with improved conversion rates, retention and frequency of purchase. Sellers are also benefiting from...