MercadoLibre Inc: Expanded Logistics Network, Robust Fintech Business 

MercadoLibre Inc., a Latin America-based eCommerce platform, had an impressive financial performance in Q4 of 2023, ending the fiscal year on a high note. The company saw a 42% increase in revenues, a considerable enhancement of its EBIT margin, and a steadfast growth in its base of active users, surpassing the 50 million mark in a single quarter for the first time. This considerable growth was spearheaded by the company’s Commerce and FinTech initiatives. For its Commerce business, MercadoLibre invested in improving its service offerings to buyers and sellers on its platform, resulting in notable market share gains in several countries. The company’s first-party business was a key contributor to its success in this segment, recording an 81% growth in 2023, especially in Brazil. MercadoLibre also expanded its logistics network, increasing its fulfillment penetration to a record high of nearly 50%. Its advertising business witnessed robust revenue growth, with the addition of almost 50,000 new advertisers to its pan-regional platform.