E-commerce and Fintech Growth
MercadoLibre continues to deliver strong growth across both e-commerce and fintech, with monthly active users in fintech services growing over 30% year-on-year, reaching 64 million.
Credit Portfolio Expansion
The company's credit portfolio grew by 75% year-on-year, with improvements in scoring models and profitability, particularly in Brazil where first payment defaults reached an all-time low.
Exceptional Performance in Argentina
Argentina's revenue more than doubled year-on-year in USD terms, with a 126% GMV growth and significant improvement in contribution margins, supported by a stabilized macroeconomic environment.
Brand Preference and User Engagement
Brand preference metrics for MercadoLibre's marketplace reached all-time highs in Brazil, Mexico, Argentina, and Chile, indicating strong user engagement and market position.
Fintech Product Enhancements
Introduction of a new branding for Mercado Pago and improvements in the user experience to position as the primary financial relationship for users in Latin America.
Supermarket Segment Growth
Supermarket category grew 65% year-over-year, outpacing other categories, with improvements in value proposition and increased 1P share providing better unit economics.