MercadoLibre Inc. reported a record-breaking fourth-quarter net profit of $639 million for 2024, a 287% increase year-over-year, surpassing analyst expectations of $401.5 million. The company's net revenue reached $6.1 billion, marking a 37% increase year-over-year, driven by a 56% growth in gross merchandise volume (GMV) on a currency-neutral basis. The e-commerce giant also saw its total payment volume (TPV) rise by 33% to $58.9 billion. Earnings before interest and taxes (EBIT) increased by 145% to $820 million, with an EBIT margin of 13.5% and a net income margin of 10.5%. MercadoLibre's shares surged nearly 12% in premarket trading on Wall Street following the announcement, reflecting strong market approval of the company's performance. The company's success was attributed to robust growth in both its e-commerce and fintech sectors, with e-commerce revenue growing 44% to $3.6 billion and fintech revenue increasing by 29% to $2.5 billion. MercadoLibre's user base expanded significantly, surpassing 100 million unique active buyers and reaching 61.2 million monthly active users in its fintech segment.