MercadoLibre's fourth-quarter net profit beats forecast, shares jump

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MercadoLibre's fourth-quarter net profit beats forecast, shares jump

//business-finance.news-articles.net/content/202 .. arter-net-profit-beats-forecast-shares-jump.html

Published in Business and Finance on Friday, February 21st 2025 at 11:20 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Latin American e-commerce giant MercadoLibre posted a better-than-expected quarterly net profit on Thursday, up nearly four-fold from the same period a year earlier and sending its shares up more than 12% in after-hours trading.

2025-02-21 248 x 130 / 6768 Bytes

MercadoLibre, a leading e-commerce platform in Latin America, reported a significant increase in its fourth-quarter net profit, surpassing market expectations. The company's net income for the quarter ending December 31 was $165 million, a stark contrast to a $21.6 million loss in the same period the previous year. This performance was driven by a 42% year-over-year increase in total revenue, reaching $4.25 billion, fueled by robust growth in its commerce and fintech sectors. The company's gross merchandise volume (GMV) rose by 59.3% to $13.4 billion, while its total payment volume (TPV) increased by 121% to $56.5 billion. Additionally, MercadoLibre's operating income more than doubled to $329 million, with an operating margin expansion to 7.7%. These results reflect the company's successful expansion and operational efficiency improvements across its key markets in Brazil, Argentina, and Mexico.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/mercadolibres-fourth-quarter-net-profit-beats-forecast-2025-02-20/ ]