Logo La Derechadiario US
ES
Logo X
Mercado Libre logo next to an image of the stock exchange with screens displaying financial data.
Mercado Libre's shares rose by up to 14% | Camara La Derecha Diario
ARGENTINA

Mercado Libre Rises 14% on Wall Street After Reporting Earnings of Us$ 1.911 Billion

Latin America's largest e-commerce company exceeded all revenue expectations.

by

Editorial Team

Mercado Libre closed 2024 with extraordinary numbers. It billed US$ 20.777 billion, 37.5% more than in 2023, and its net profit grew by 9.2%, reaching US$ 1.911 billion.

Additionally, for the first time, it surpassed 100 million unique buyers and reached 60 million active monthly users in its fintech ecosystem.

A person in a yellow uniform and black gloves holds a cardboard box in a warehouse with shelves full of products and other boxes on a conveyor belt.
Mercado Libre closed 2024 with extraordinary numbers | La Derecha Diario

Mercado Libre's shares soared on Wall Street

After a third quarter with results that disappointed investors, the company achieved a solid year-end. In the fourth quarter, net income was US$ 639 million, well above the US$ 406 million projected by analysts.

As a result, the stock rose up to 14% in after-hours trading. It consolidated its position as the most valuable company in Latin America, with a market value of US$ 107 billion.

Brazil, Mexico, and Argentina: Mercado Libre's strongest markets

Brazil remains the company's main market, with revenues of US$ 11.406 billion, 45.8% more than in 2023. The commerce division grew by 56% and fintech by 32%.

Candle chart with price and trend indicators on a dark blue background.
The stock rose by up to 14% in after-hours trading. | La Derecha Diario

In Mexico, the growth was even greater: it billed US$ 4.664 billion, 51.9% more than the previous year. Its e-commerce business advanced by 55.2%, while the fintech unit rose by 45.8%.

Argentina remains the third most important market, with US$ 3.818 billion in revenue, 7.5% more than in 2023. Unlike Brazil and Mexico, the fintech division is its main source of billing, with US$ 2.411 billion, while e-commerce caused US$ 1.407 billion.

Man in suit sitting at a table with a laptop in front of a colorful mural.
Argentina remains the third most important market | La Derecha Diario

Mercado Libre's growth in numbers

  • The gross merchandise volume sold in 2024 reached US$ 51.467 billion, an increase of 69.2%.
  • The number of items sold rose by 27.3%, totaling 1.787 billion units.
  • The credit portfolio grew by 74%, reaching US$ 6.573 billion.

A historic year for Mercado Libre

The company's CFO celebrated the results and stated that this was the best year in the company's history. "We had operational and financial improvements that allowed us to achieve these record numbers."

From Mercado Libre, they emphasized that they will continue betting on innovation: "Our value proposition is strong, and we will continue investing to offer the best user experience throughout Latin America."

➡️ Argentina

More posts: