Posted 1/24/2024, 9:50:00 AM
MercadoLibre Soars on Broad Growth Across E-Commerce and Fintech Offerings in Latin America
- MercadoLibre is the largest e-commerce and fintech company in Latin America, with a powerful network effect from its scale
- It has followed the Amazon playbook, expanding into payments, logistics, advertising, streaming, and loyalty programs
- MercadoLibre reported strong 40% revenue growth in Q3 across commerce and fintech
- It is launching new advertising products and relaunched its loyalty program with shipping benefits and Disney+ access
- With expected annual sales growth of 24%, MercadoLibre stock looks reasonably valued at 6.4 times sales compared to its historical average of 8.8 times