MELI
📈 MercadoLibre’s commerce arm grew by 106% in constant currency, and 50% in dollars, showcasing robust expansion.
💰 The fintech sector experienced 84% growth in constant currency, outpacing competitor Nubank.
✅ The company’s Q4 profitability was exceptional, driven by improved operational efficiency and reduced losses from currency devaluation.
🚀 MercadoLibre is strategically expanding its credit portfolio with secured auto loans, indicating a move towards higher-quality assets.
@invertirdesdecasa:
“MercadoLibre presented a spectacular earnings report, with the market responding positively this time. Throughout 2024, the company consistently delivered impressive quarterly results, culminating in a strong annual performance. The commerce sector grew by 106% in constant currency and approximately 50% in dollars, maintaining a healthy take rate. The fintech arm also showed significant growth, increasing by 84% in constant currency. The fourth quarter of MercadoLibre’s profitability was exceptional, leading to a net profit of $639 million, a substantial increase from the previous year’s $165 million.”
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