MercadoLibre Inc 2025年季度报告

(Mark One) For the quarterly period endedMarch 31, 2025 MercadoLibre, Inc. (Exact name of Registrant as specified in its Charter) 98-0212790(I.R.S. EmployerIdentification Number) Delaware(State or other jurisdiction ofincorporation or organization) Trading Symbol(s)MELI Common Stock, $0.001 par value per share2.375% Sustainability Notes due 2026 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 50,697,375shares of the issuer’s common stock, $0.001 par value, outstanding as of May8, 2025. MERCADOLIBRE, INC.INDEX TO FORM 10-Q PART I. FINANCIAL INFORMATION PART II. OTHER INFORMATION ITEM 1 — LEGAL PROCEEDINGSITEM 1A — RISK FACTORSITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS INDEX TO EXHIBITS Non-cash transactions: NOTE1.NATURE OF BUSINESS MercadoLibre, Inc. (“MercadoLibre,” and together with its consolidated entities, the “Company”) was incorporated in thestate of Delaware, in the United States of America (“U.S.”), in October 1999. MercadoLibre is the largest online commerce andfintech ecosystem in Latin America. The Company’s ecosystem provides consumers and merchants with a complete portfolio ofservices to enable buying and selling online and processing payments online and offline, as well as offers a wide array of simple The Company enables commerce through its marketplace platform, which allows users to buy and sell in most of LatinAmerica. Through Mercado Pago, the fintech platform, MercadoLibre offers a comprehensive set of financial technology servicesto users of its e-commerce platform, and to users outside of its e-commerce platform; through Mercado Envios, MercadoLibrefacilitates the shipping of goods from the Company and sellers to buyers; through the advertising products, MercadoLibrefacilitates advertising services for large retailers and brands to promote their products and services on the web; through Mercado As of March31, 2025, MercadoLibre, through its wholly-owned subsidiaries, operated online e-commerce platforms directedtowards Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru, Mexico, Panama, Honduras, Nicaragua,El Salvador, Uruguay, Bolivia, Guatemala, Paraguay and Venezuela. Additionally, MercadoLibre’ fintech platform, Mercado Pago,is present in Argentina, Brazil, Mexico, Colombia, Chile, Peru, Uruguay and Ecuador. NOTE2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation Theaccompanying unaudited interim condensed consolidated financial statements are prepared in conformity withaccounting principles generally accepted in the U.S. (“U.S. GAAP”) and include the accounts of the Company, its wholly-ownedsubsidiaries and consolidated Variable Interest Entities (“VIEs”). These unaudited interim condensed consolidated financial Substantially all net revenues and financial income, cost of net revenues and financial expenses and operating expenses, aregenerated in the Company’s foreign operations. Long-lived assets, intangible assets and goodwill and operating lease right-of- These unaudited interim condensed consolidated financial statements reflect the Company’s consolidated financial positionas of March31, 2025 and December31, 2024. These unaudited interim condensed consolidated financial statements include theCompany’s consolidated statements of income, comprehensive income, equity and cash flows for the three-month periodsended March31, 2025 and 2024. These unaudited interim condensed consolidated financial statements include all normal Because all of the di