MercadoLibre (MELI) shares surged 9.41% in after-hours trading on Wednesday following the release of its impressive first-quarter 2025 financial results. The Latin American e-commerce giant significantly outperformed analysts' expectations, demonstrating robust growth across key metrics.
The company reported earnings per share (EPS) of $9.74, substantially surpassing the FactSet estimate of $8.27. Revenue for the quarter reached $5.94 billion, up from $4.33 billion a year earlier and well above the expected $5.47 billion. MercadoLibre's net profit soared to $494 million, exceeding the LSEG poll estimate of $420.9 million.
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 of $617.4 million. 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.