MercadoLibre (MELI) Is Down 8.3% After Q2 Revenue Rose But Profitability Weakened – Has The Bull Case Changed?

MercadoLibre recently reported past second-quarter 2026 results showing revenue rising to US$10.17 billion while net income and earnings per share declined versus a year earlier. Alongside this, the company quietly continued its share repurchase program, buying back a small number of shares for US$1.05 million, underlining confidence in its long-term platform strength across Latin American e-commerce and fintech. We’ll now examine how MercadoLibre’s strong revenue growth but softer...