MercadoLibre Powers Ahead with 40% Revenue Growth on Booming E-Commerce and Fintech Businesses
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MercadoLibre is the leading e-commerce and payments company in Latin America, with a powerful network effect.
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It has followed the Amazon playbook, expanding into areas like logistics, advertising, and financial services.
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MercadoLibre reported very strong 40% revenue growth in Q3 2022 across both its commerce and fintech businesses.
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It recently launched new streaming and short video platforms to open up advertising opportunities.
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With expected annual sales growth of 24% over the next 5 years, MercadoLibre's valuation of 6.4x sales seems reasonable for this high-growth company.