MercadoLibre (MELI) Posts 49% Revenue Surge in Q1, But Shares Slide on Elevated Expectations

MercadoLibre (NASDAQ: MELI) reported first-quarter revenue of $8.85 billion on June 5, 2026, a 49% year-over-year surge that exceeded analyst consensus by 5.8%. Despite the robust growth, the stock has declined 12.5% since the report, signaling that investor expectations ran ahead of published Wall Street projections. The Latin American e-commerce and fintech platform reported 84 million daily active users, marking a 25.4% increase from the prior year. The company posted the fastest revenue growth among the 12 peer online marketplace companies analyzed, which collectively topped revenue estimates by 1.7% for the quarter. Sea Limited (NYSE: SE) was a standout performer, with revenue rising 43.2% to $7.33 billion and beating analyst forecasts by 9.9%. Its shares gained 8% following the report. In contrast, Shutterstock (NYSE: SSTK) was the group’s weakest link, missing revenue estimates by 10.2% as sales contracted 17.9% to $199.2 million, sending its stock down 23.4%. Instacart (NASDAQ: CART) and CarGurus (NASDAQ: CARG) reported mixed results, with share prices falling 6.8% and 27.3%, respectively.