Do You Believe in the Growth Prospects of MercadoLibre (MELI)?

Core Insights - Loomis Sayles Global Growth Fund achieved a return of 7.59% in Q3 2025, slightly below the MSCI ACWI Index Net return of 7.62% [1] - The fund focuses on investing in high-quality businesses with sustainable competitive advantages, particularly those trading at significant discounts to intrinsic value [1] Company Overview: MercadoLibre, Inc. - MercadoLibre, Inc. is the largest online commerce platform in Latin America, offering a comprehensive ecosystem of six integrated e-commerce services [3] - The company reported that commerce and related services accounted for approximately 59% of net revenue, while payments and fintech solutions made up about 41% [3] - As of November 21, 2025, MercadoLibre's stock closed at $1,951.78, with a market capitalization of $98.95 billion [2] Market Position and Growth Potential - MercadoLibre operates in 18 countries, covering a significant portion of Latin America's GDP, and has 218 million active users, representing over 45% of the region's estimated 480 million total internet users [3] - The company is expected to benefit from strong competitive advantages, including its network, brand, and local market understanding, which contribute to its leadership position [3] - Continued growth in internet access and credit availability, along with ongoing investments to enhance online transaction convenience, position MercadoLibre for sustained growth driven by the e-commerce sector in Latin America [3]