MercadoLibre Shares Surge 36% to $14.45 Billion Marking 37th Highest Trading Volume of the Day
1min read MercadoLibre (MELI) shares surged 36.04% to close at $14.45 billion, marking the 37th highest trading volume of the day.
MercadoLibre reported strong financial results for the first quarter of 2025, driven by robust growth in both its commerce and fintech segments. The company's net revenue increased by 37% year-over-year to $5.9 billion, while income from operations rose by 45% to $763 million. Net income for the quarter reached $494 million, a 44% increase from the same period last year.
In the commerce sector, MercadoLibre saw a 17% year-over-year increase in Gross Merchandise Value (GMV) to $13.3 billion. The number of unique buyers grew by 25% to nearly 67 million, the highest level of new buyer growth since early 2021. Items sold increased by 28% to 492 million units. Argentina stood out with a 126% year-over-year increase in FX-neutral GMV and a 52% increase in items sold.
MercadoLibre's fintech division also showed impressive growth. Mercado Pago's monthly active users reached 64 million, a 31% year-over-year increase. The credit portfolio expanded by 75% to $7.8 billion, with strong growth in Brazil. Non-performing loans remained stable, with a 15–90 day NPL ratio of 8.2% for the overall portfolio.
The company's strategic investments in logistics and advertising continued to pay off. Cost per fulfillment order declined in local currency in Brazil, Mexico, and Chile. Advertising revenue increased by 26% year-over-year, leveraging the company's first-party data to gain market share in Latin America's digital advertising sector.
