MercadoLibre Just Released Incredible Numbers for 2024, Demonstrating Yet Again Why It's My Top Holding by Far

Core Viewpoint - MercadoLibre is considered a "no-brainer" investment due to its strong growth potential and diverse business model in Latin America [4][5]. Company Overview - MercadoLibre operates as a logistics network, e-commerce platform, advertising business, and payments processor across multiple countries in Latin America [4]. - The company has experienced significant growth, with revenue rising nearly 38% to $21 billion in 2024 [5]. Growth Potential - E-commerce in Latin America is projected to grow at a 9% compound annual rate through the end of the decade, with the e-commerce penetration rate expected to increase from 58% to 67% by 2029 [6]. - Millions of new e-commerce users are anticipated in the next five years, which could nearly double MercadoLibre's e-commerce business if it maintains its current market share [7]. Financial Performance - MercadoLibre is not only growing its revenue but is also doing so profitably, with operating profit increasing at a faster rate than revenue over the past three years [8]. - Favorable economic conditions in Latin America support ongoing profitable growth for MercadoLibre [9].