MercadoLibre Stock Sets All-Time High as Q4 Earnings Blow Past Estimates

Core Insights - MercadoLibre (MELI) shares experienced a significant surge following the release of its fourth-quarter earnings, which exceeded market expectations [1][3] - The company reported a revenue of $6.06 billion for the fourth quarter, surpassing forecasts, while earnings per share reached$ 12.61, significantly higher than the projected $8.20 [1][3] Revenue Growth - Revenue growth was robust across key markets, with increases ranging from 31% to 43% in Mexico, Brazil, and Argentina compared to the same period last year [2][3] - Overall, the company's revenue grew by 37% year-over-year, achieving a quarterly record [2] Market Performance - Following the earnings report, shares of MercadoLibre rose by 8%, reaching an intraday record of$ 2,374.54 [3] - The earnings per share exceeded expectations by more than $4, indicating strong financial performance [3] User Engagement - The company noted record levels of retention and frequency on its marketplace, as well as increased payments and deposits per user in its digital account [2] - The number of merchants borrowing from MercadoLibre has also reached an all-time high, reflecting strong demand for its services [2]