MercadoLibre, like a Latin American Amazon, had amazing news! Its sales and profits went way up in the last three months of 2024. This made investors happy, and the price of its stock jumped!
- MercadoLibre sells lots of things online across many countries.
- It also has a super popular digital wallet like Venmo.
- Its sales and profits grew much faster than expected.
| Fact | Number |
|---|---|
| Sales in the last quarter | $6.1 billion |
| Profit per share | $12.61 |
| Stock price increase after news | ~13% |
| Stock price increase this year | 24% |
