Meli- undervalued after another earnings sell off?

Mercado Libre reported earnings yesterday, May 7, and top line growth was solid. Highest growth rate in several years and extends their streak of >30% revenue growth for 29 straight quarters.

Despite this the stock is down -11%, due to what seems like concerns with margin compression. This is deja vu as last quarter in which net margins also compressed.

Meli is citing this is due to 'investment' in their business to help them grow market share and benefit long term.

Question is do we think sentiment for MELI stock will turnaround and stop punishing them quarter after quarter for these same updates?

Surprised to see but in a 5 yr period, MELI only up 11%, which is worse than SPY and even AMZN whixh was up +65%