MercadoLibre Q4 2024 Earnings Report
Key Takeaways
MercadoLibre posted record revenue and income for Q4 2024, supported by a growing user base and robust engagement across e-commerce and fintech services. Net revenue grew 37% year-over-year to $6.1 billion, while net income increased 67% to $639 million. Gross merchandise volume and total payment volume also saw solid growth. The company continues to invest in expanding logistics, fintech offerings, and brand partnerships to drive long-term growth.
Net revenue & financial income reached $6.1 billion, up 37% YoY.
Net income rose 67% YoY to $639 million, with a 10.5% margin.
Total payment volume grew 33% YoY to $58.9 billion.
Gross merchandise volume reached $14.5 billion, up 8% YoY.
MercadoLibre Revenue
MercadoLibre EPS
MercadoLibre Revenue by Segment
MercadoLibre Revenue by Geographic Location
Forward Guidance
MercadoLibre expects continued growth in both marketplace and fintech services, with investments in logistics, brand partnerships, and financial offerings. The company remains focused on increasing engagement, improving operational efficiency, and maintaining profitability.
Positive Outlook
- Continued growth in unique buyers and fintech MAUs.
- Expansion of logistics network to enhance delivery speed.
- Increased brand partnerships boosting marketplace offerings.
- Strong fintech adoption driving higher payment volumes.
- Robust balance sheet with investment-grade credit rating.
Challenges Ahead
- Rising provisions for doubtful accounts due to credit expansion.
- Potential macroeconomic headwinds in Latin American markets.
- Increased competition in the e-commerce and fintech space.
- Regulatory risks affecting financial services operations.
- Currency fluctuations impacting FX-neutral revenue growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income