I’m assuming this question relates to the Q4 2023 earnings rather than this investment thesis from 2023. Of the $350 million, $330 million was a once off catch up and $20 million is reoccurring as flagged in the report. Hope that helps.
Although I live abroad for the last 10 years, I'm from Argentina and I can confirm they have an increasing strong presence in people's life. They are an unstoppable force and competitors will have to give their best to maintain their pace. Specially companies like Amazon that doesn't completely understand the nuance of how to operate in the region.
Jose, thanks a lot for reading. The feedback it is much appreciated. I had the pleasure of being in Argentina as I alluded to in the report and what really struck me was how visible the MELI brands are in everyday life. You make a great point on the nuances of Latin America too. The market is very different to US and Europe which means the global competitors cannot just simply copy the strategies they use in these markets and apply to Latin America.
If they guide for 20m one-offs per quarter, are those really one-offs or rather recurring one-offs?
I’m assuming this question relates to the Q4 2023 earnings rather than this investment thesis from 2023. Of the $350 million, $330 million was a once off catch up and $20 million is reoccurring as flagged in the report. Hope that helps.
Nice note - good company.
Appreciate the feedback
Thank you for sharing. I really liked the report.
Although I live abroad for the last 10 years, I'm from Argentina and I can confirm they have an increasing strong presence in people's life. They are an unstoppable force and competitors will have to give their best to maintain their pace. Specially companies like Amazon that doesn't completely understand the nuance of how to operate in the region.
Jose, thanks a lot for reading. The feedback it is much appreciated. I had the pleasure of being in Argentina as I alluded to in the report and what really struck me was how visible the MELI brands are in everyday life. You make a great point on the nuances of Latin America too. The market is very different to US and Europe which means the global competitors cannot just simply copy the strategies they use in these markets and apply to Latin America.