MercadoLibre, Inc.

Reuters UPDATE 1-E-commerce giant MercadoLibre's 4th-quarter profit stable after tax hit Latin American e-commerce giant MercadoLibre on Thursday reported a $165 million fourth-quarter net profit, as higher sales were offset by a tax hit, with results flat versus the year-ago period. The net profit was dented by two one-off taxes provisions in Brazil totaling $351 million, and came in below the $356 million net profit forecast by analysts polled by LSEG. MercadoLibre said the provisions should not have a material cash impact going forward.

Biography:  https://finance.yahoo.com/quote/MELI

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

  • MercadoLibre's financial results are reported in a neutral and factual manner, without any obvious bias or exaggeration.

Conflicts of Interest

100%

Examples:

Contradictions

50%

Examples:

  • The company faced some challenges due to tax provisions in Brazil, but these were expected and did not affect the overall performance of the business.

Deceptions

100%

Examples:

  • MercadoLibre's financial report does not contain any deception or misleading information.

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Broke On: Friday, 23 February 2024 MercadoLibre, a Uruguayan e-commerce company operating in Latin America, offers financial technology services through its flagship platform MercadoPago to users both on and off the e-commerce platform.