MercadoLibre Hits New Heights

Core Insights - MercadoLibre reported strong financial results for Q4 2024, with total revenue reaching $6.06 billion, a 37$12.61, significantly exceeding expectations [2][3]. Financial Performance - Total revenue for Q4 2024 was $6.06 billion, up from$4.41 billion in Q4 2023, marking a 37% increase [2]. - Adjusted earnings per share rose to $12.61 from$3.25, reflecting a remarkable 288% growth [2]. - Gross merchandise volume increased by 8%, reaching $14.55 billion [2]. - Assets under management surged by 129$10 billion for the first time, totaling $10.58 billion [2]. Business Growth - Commerce-related revenue grew by 44% year-over-year, while fintech revenue increased by 29% [3]. - The number of unique active buyers rose to 67.3 million, a 24% increase from the previous year [4]. - Items sold on the MercadoLibre marketplace increased by 27%, and same-day and next-day shipments via Mercado Envios were up by 21% [4]. Market Reaction - Following the release of the financial results, MercadoLibre's stock price surged by over 13% in after-hours trading, indicating strong investor confidence [6]. Future Outlook - The company expressed optimism in its shareholder letter, anticipating continued growth and momentum into 2025 and beyond [5]. - Engagement on the marketplace and payment activity on the Mercado Pago network are at record levels, suggesting a robust operational environment [7]. - As geopolitical conditions evolve, MercadoLibre's dominance in the Latin American market is expected to strengthen, posing challenges for competitors [8].