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May 2, 2024, 8:09 PM
May 2, 2024, 8:02 PM
Yahoo! News

MercadoLibre Reports Strong Profit Growth Driven by Brazil and Mexico

Mercado Libre Argentine E-commerce company & banking Brazil country in South America Mexico country in North America Argentina sovereign state in South America
Highlights
  • MercadoLibre's first-quarter net profit surged 71% driven by strong performance in Brazil and Mexico.
  • The company's success in these countries helped offset negative effects in Argentina.
  • Overall, MercadoLibre continues to expand its e-commerce presence across Latin America.

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