Mercado Libre Deep Dive and 2025 outlook $MELI
The Latin American eCommerce and fintech leader is on a move higher
MercadoLibre, MELI 0.00%↑ , founded in 1999 in Buenos Aires, Argentina, is Latin America’s largest e-commerce and fintech platform, often called the “Amazon of Latin America.” It operates online marketplaces, payment solutions through MercadoPago, logistics via MercadoEnvios, and credit services. For 2024, the company generated approximately $17.6 billion in annual revenues, growing at a robust 37% year-over-year pace, fueled by strong demand in Brazil, Mexico, and Argentina. Its corporate headquarters remains in Buenos Aires, and its top competitors include Amazon, Shopee (Sea Group), and local challenger Magazine Luiza.
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