🔹 Revenue: $6.1B (Est. $5.88B) 🟢; UP +37% YoY
🔹 Net Income: $639M (Est. $401.5M) 🟢
🔹 GMV: $14.5B (Est. $14.65B) 🟡; UP +8% YoY
🔹 TPV: $58.9B (Est. $60.91B) 🔴; UP +33% YoY
Q4 Segment Performance:
🔹 Commerce Revenue: $3.14B
🔹 Fintech Revenue: $2.92B
🔹 Ads Revenue: UP +41% YoY (88% FX-neutral) to 2.1% of GMV
Operational Metrics:
🔹 Adj EBITDA: $972M (Est. $819.6M) 🟢
🔹 Income from Operations: $820M (Est. $612.2M) 🟢
🔹 Free Cash Flow: $680M (Est. $1.45B) 🔴
🔹 Net Cash from Operations: Not explicitly provided
Operational Highlights:
🔹 Unique Active Buyers: 100M; UP +18% YoY
🔹 Fintech MAUs: 61.2M; UP +34% YoY
🔹 Items Sold: 1.8B; UP +27% YoY
🔹 Merchant Credit Portfolio: $6.6B; UP +74% YoY
🔹 Credit Card Share of Credit Portfolio: Increased from 32% to 40%
Regional Performance (FX-Neutral Growth):
🔹 Brazil: +62% YoY
🔹 Mexico: +64% YoY
🔹 Argentina: +212% YoY
Balance Sheet (as of December 31, 2024):
🔹 Cash & Cash Equivalents: $2.6B (Est. $3.68B) 🔴
🔹 Total Assets: $25.2B
🔹 Total Liabilities: $20.8B (Est. $18.08B) 🔴
🔹 Net Debt: $2.04B (UP from $1.5B YoY)
Key Financial Ratios:
🔹 NIMAL: 27.6% (vs. 39.8% YoY)
🔹 Non-Performing Loan (NPL) Ratio: 7.4% (Stable QoQ)
Announcements & Shareholder Updates:
🔸 Logistics: Handled 1.8B items in 2024, with a 44% YoY increase in fulfilled items
🔸 Ads Growth: Continued expansion, now representing 2.1% of GMV
CEO Commentary:
🔸 "MercadoLibre delivered another record-breaking quarter, driven by exceptional growth in both commerce and fintech. Our strong execution in logistics and payment solutions, coupled with sustained user growth, positions us well for continued momentum into 2025."
