MercadoLibre: Strong Momentum and Profit
Here's our initial take on MercadoLibre's (NASDAQ: MELI) fiscal 2025 first-quarter financial report.In the first quarter of 2025, MercadoLibre beat expectations on both the top and bottom lines. And throughout the business, all of the key numbers looked very strong. On MercadoLibre's e-commerce marketplace, $13.3 billion in gross merchandise volume was achieved, and the number of items sold on the platform was 28% higher than the comparable quarter a year ago.One particularly impressive statistic is that while marketplace sales declined a bit compared with the seasonally strong fourth quarter, growth in the number of unique active buyers on the platform accelerated sequentially -- for the fifth quarter in a row. There are now 25% more active buyers on the marketplace than there were a year ago.Continue reading
Here's our initial take on MercadoLibre's (NASDAQ: MELI) fiscal 2025 first-quarter financial report.
In the first quarter of 2025, MercadoLibre beat expectations on both the top and bottom lines. And throughout the business, all of the key numbers looked very strong. On MercadoLibre's e-commerce marketplace, $13.3 billion in gross merchandise volume was achieved, and the number of items sold on the platform was 28% higher than the comparable quarter a year ago.
One particularly impressive statistic is that while marketplace sales declined a bit compared with the seasonally strong fourth quarter, growth in the number of unique active buyers on the platform accelerated sequentially -- for the fifth quarter in a row. There are now 25% more active buyers on the marketplace than there were a year ago.
