Posted 1/29/2024, 1:06:00 PM
MercadoLibre's Latin American E-Commerce Empire Still Has Room to Grow
- MercadoLibre dominates e-commerce and fintech in Latin America, with huge growth still ahead as internet penetration increases
- Multiple growth drivers geographic expansion, off-platform payments, advertising, loyalty program, credit offerings
- Revenue grew 40% last quarter (69% excluding currency impact); net income margin now 10%
- Analysts expect 35% revenue growth in 2024
- Despite strong growth and profitability, MercadoLibre trades at reasonable valuation based on price-to-sales ratio