MercadoLibre, Inc. (MELI) Q1 2023 Earnings Call Transcript

MercadoLibre, Inc. (NASDAQ:MELI) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET

Company Participants

Pedro Arnt - CFO
Osvaldo Gimenez - President, Fintech

Conference Call Participants

Andrew Ruben - Morgan Stanley
Irma Sgarz - Goldman Sachs
Marcelo Santos - JPMorgan
Thiago Macruz - Itau
Pedro Pinto - BBI
Geoffrey Elliott - Autonomous Research
Deepak Mathivanan - Wolfe Research
Stephen Ju - Credit Suisse
Neha Agarwala - HSBC
Robert Ford - Bank of America Merrill Lynch
Trevor Young - Barclays
James Friedman - Susquehanna Financial Group

Operator

Good day, and thank you for standing by Welcome to The MercadoLibre Earnings Conference Call. At this time all participants are in a listen-only mode. Due to some technical issues, we will begin this call with the Q&A segment. After the Q&A we will have the video available to play on this call. Thank you for your understanding.

Question-and-Answer Session

Operator

So at this time, we will conduct the question-and-answer session, as I mentioned. [Operator Instructions]

Our first question comes from the line of Andrew Ruben from Morgan Stanley. Your line is now open.

Andrew Ruben

Hey, great. Thanks very much for the question. I'm interested on the commerce take rate. It was a strong quarter we see the increase of about 50 bps for the seller final value fees about 60 bps on the shipping fees. I'm curious if you could dig in a bit further on both of those items. Was there any change in in your pricing policy? Was it mix, anything maybe on the contra revenue line just trying to understand what drove the take rate expansion would be helpful, thank you

Operator

One moment, please. Yes, Pedro, we can hear you now.

Pedro Arnt

Can you hear me now?

Operator

Yes, we can, Pedro.

Pedro Arnt

Sorry. So