$MELI Q2 Earnings This company just continues to prove what consistency is. - Revenue: $10.2B (+50% YoY) fastest growth in 4 years -Net Income: $466M net margin 4.6% - Operating Income $683M and 6.7% margins My thoughts after reading the letter of shareholders are simple. They are continuing to prioritize the business growth rather than short-term margins, management still sees an incredible opportunity ahead in LATAM and they will continue to invest in their ecosystem, continue to expand their competitive advantage, and drive long term cash flow. Of one the quotes I took away from the letter was this: "we continue to set the dial in a way that prioritizes long-term value creation over short-term profitability – a trade-off we make carefully, and only where we see clear evidence of the economics that will follow." As a shareholder of this company I could not be more excited about the future of this company.
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