Mercado Libre had a successful Q4 in 2024, with strong revenue growth and user expansion.

From GlobeNewswire: 2025-02-20 16:37:00

Mercado Libre celebrates a successful Q4 in 2024, with net revenue of $6.1 billion and net income of $639 million. The company surpassed 100 million annual unique buyers and 61 million fintech monthly active users. GMV rose 8% YoY to reach $14.5 billion and Items Sold increased by 27% YoY. In Q4, Mercado Pago’s credit portfolio reached $6.6 billion, up 74% YoY, with credit cards contributing significantly to growth. For the full year, Mercado Libre reported net revenue of $21 billion, growing 38% YoY in dollars and 101% YoY in FX Neutral.

The commerce business in Q4 grew 44% YoY, reaching $3.6 billion in net revenue, while GMV reached $14.5 billion. Fintech net revenue from Mercado Pago was $2.5 billion in Q4. Total payment volume rose by 33% YoY to reach $59 billion. Monthly active users surpassed 61 million in Q4. In 2024, Mercado Libre handled 1.8 billion items with 49% of deliveries completed within the same & next day. The company continues to invest in enhancing user experience and expanding its logistics capabilities.



Read more at GlobeNewswire: Mercado Libre delivers stellar Q4 2024 with net revenue of