MercadoLibre (NASDAQ: MELI) stock surged 8.40% in the last 24 hours following the release of its impressive first-quarter 2025 financial results. The Latin American e-commerce and fintech giant significantly outperformed analysts' expectations, demonstrating robust growth across key metrics.
The company reported earnings per share (EPS) of $9.74, substantially surpassing the analyst consensus estimate of $8.03. Revenue for the quarter reached $5.93 billion, up 37% year-over-year and well above the expected $5.51 billion. MercadoLibre's net profit soared to $494 million, exceeding analysts' projections and marking a 44% increase from the previous year.
MercadoLibre's strong performance was particularly notable in Argentina, where sales grew 126% on a foreign-exchange neutral basis. The company's EBIT (earnings before interest and taxes) came in at $763 million, representing a 45% year-on-year increase and beating analyst forecasts. These results underscore MercadoLibre's continued momentum in the Latin American market and its ability to capitalize on the region's growing e-commerce and fintech sectors. The company's shares initially jumped over 9% in after-hours trading, reflecting investor enthusiasm for the strong quarterly performance.