Mercadolibre Surges to 133rd in Daily Rankings with $1.038 Billion Trading Volume

Mercadolibre(MELI) on May 30, 2025, saw a trading volume of $1.038 billion, marking a 103.98% increase from the previous day, placing it at the 133rd position in the daily stock market rankings. The stock price rose by 0.70%.

Mercadolibre's fintech segment experienced significant growth, with Monthly Active Users increasing by 31% year over year. This marks the sixth consecutive quarter of growth exceeding 30%, indicating a robust credit business. The company's Q1 2025 earnings report highlighted a 25% year-on-year increase in the number of buyers, reaching 67 million, and a consistent 30% growth in Monthly Active Users in the fintech sector. The podcast episode, available on Spotify, features CFO Martin de los Santos and Investor Relations Officer Richard Cathcart discussing key investor questions regarding Mercado Libre's performance in Argentina, competition in e-commerce, and growth in Brazil and Mexico.

Mercado Libre's fintech unit, Mercado Pago, announced plans to apply for a banking license from the central bank of Argentina. This move is part of the company's strategy to expand its financial services offerings and strengthen its position in the Latin American market. The application for a banking license is a significant step towards enhancing Mercado Pago's capabilities and providing more comprehensive financial solutions to its users.