MercadoLibre Reports Record Q4 Amid Strong Growth

MercadoLibre, the leading e-commerce and fintech company in Latin America, reported stellar fourth-quarter 2024 results, surpassing expectations with a 37% year-over-year increase in revenue to $6.1 billion and an earnings surprise of $12.61 per share. The company's strong performance was driven by robust growth in both its e-commerce and fintech segments, with significant contributions from markets in Brazil, Mexico, and Argentina. MercadoLibre saw a 24% rise in unique active buyers, reaching 67.3 million, and a substantial increase in total payment volume to $59 billion, reflecting the company's effective market strategies. The stock reacted positively, with shares rising over 13% in after-hours trading, highlighting investor confidence in the company's momentum and future growth prospects. The results mark a record year for MercadoLibre, which celebrated its 25th anniversary by surpassing 100 million annual unique buyers and continuing to expand its digital payment solutions and logistics capabilities.