MercadoLibre, the leading e-commerce platform in Latin America, reported third-quarter earnings revealing a net revenue of $5.3 billion, a 35% increase year-over-year and a 103% rise on a foreign exchange-neutral basis. The company achieved an income from operations of $557 million, reflecting a 10.5% operating margin, while net income stood at $397 million with a 7.5% margin. Total payment volume reached $50.7 billion, marking a 34% increase year-over-year and a 73% rise FX-neutral. However, the company's profits were impacted by its aggressive expansion into credit services across the region, leading to concerns about higher spending. Following the earnings announcement, MercadoLibre's stock experienced a pre-market decline of 9.1%. The company plans to significantly enhance its fulfillment capacity in Brazil and Mexico, aiming to more than double the number of fulfillment centers in Brazil by the end of 2025 to meet anticipated demand.