MercadoLibre (MELI) Investor presentation summary

Scale and ecosystem

• Presence across 19 countries, with 600M+ people and $5.5T GDP across the region.

• LTM Q3'24 fintech TPV was $182B and commerce GMV was $96B; Q3'24 fintech MAUs were 56M and unique buyers were 94M.

• 2023 ecommerce penetration was 13% in Latin America, versus 32% in the US, 29% in the UK and 24% in China.

Commerce and logistics

• Fulfillment centers carry more than 50% of items sold; the logistics network handles 94% of 1.7B items sold, with items shipped growing at a 45% CAGR.

• Regional logistics infrastructure includes cross-docking, long-haul trucks, last-mile vans, dedicated aircraft in Brazil, Mexico and Chile, and 100K+ independent drivers for same-day delivery.

Advertising and streaming

• Advertising revenue reached $946M LTM Q3'24, with a 73% CAGR; digital advertising market share rose to 3.7%.

• Ads revenue was 2% of TGMV versus 5% for international peers; online retail media is expected to grow 3x to more than $5B over the next 5 years.

• Off-platform opportunity includes Mercado Play and exclusive distribution deals with Disney+ content providers in Latin America; millions of users already use the free streaming service.