MercadoLibre Shares Surge to Record High on Strong Earnings

Latin America e-commerce, fintech giant blows away estimates
MercadoLibre extends lead as most valuable Latin American firm

Signage outside of a MercadoLibre facility in the Bras neighborhood of Sao Paulo, Brazil, on Monday, April 29, 2024.Photographer: Tuane Fernandes/Bloomberg

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By Daniel Cancel

February 20, 2025 at 9:09 PM UTC

Updated on

February 21, 2025 at 2:47 PM UTC

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Shares of MercadoLibre Inc. rallied after the Latin American e-commerce and fintech giant’s profit far surpassed estimates.

Net income in the fourth quarter was a record $639 million compared with a $406 million median estimate from analysts, according to data compiled by Bloomberg. The $6.1 billion of revenue in the quarter also beat expectations. The stock jumped as much as 12.5% at the open of trading in New York.