Mercado Libre released a new episode of “CFO Perspectives.” Martin de los Santos reviewed Q2 results, highlighting free shipping in Brazil, the issuance of 1.5M credit cards, achieving breakeven in the credit business, and strategic investments in Fintech and Commerce.
Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, today released the latest installment of “CFO Perspectives,” a special series within the Inside Mercado Libre podcast. Following our Q2 earnings report, Chief Financial Officer Martin de los Santos shares insight into Mercado Libre's performance this past quarter.
In the third episode de los Santos addresses key questions from the investor community, including the positive early results from Brazil's new R$19 free shipping threshold, the acceleration of credit card originations with over 1.5 million cards issued in Q2, the credit card business reaching NIMAL breakeven in Brazil, and strategic marketing investments to support our Fintech and Commerce platforms.
Commenting on the Company's strategy, Martin de los Santos said “Free shipping is one of the most effective tools to bring people online. This is a very important part of our strategy, and after lowering the free shipping threshold in Brazil, we are delivering historic levels of free shipping penetration, which is very important to eliminate one of the most significant frictions in e-commerce: the cost of shipping.”
“Free shipping is one of the most effective tools to bring people online."
Martin de los Santos
Mercado Libre's Chief Financial Officer
Listen to the latest episode CFO Perspectives: Reflections on Q2 Results on Spotify. Previous episodes “Marcos Galperin and Ariel Szarfsztejn on CEO Transition,” “CFO Perspectives: Reflections on Q1’25 Results,” "MELI’s Acquiring Business, with Paula Arregui, Senior Vice President", and "Marcos Galperin on MELI's Culture” can be accessed here.