Mercado Libre has been growing at an extremely fast pace for the past few years and drastically accelerated during the pandemic. In the first quarter of 2023, Meli grew its topline by 35% YoY, getting to over 3bn for the second consecutive quarter. As companies get larger, it is natural for growth to slow down. However, Meli’s growth rates are coming down but quite slowly, in comparison to many others that saw themselves favored by the pandemic. This is very positive since it means the consumers’ demand for the company’s products is sky high.
MELI Q1 Earnings Review
MELI Q1 Earnings Review
MELI Q1 Earnings Review
Mercado Libre has been growing at an extremely fast pace for the past few years and drastically accelerated during the pandemic. In the first quarter of 2023, Meli grew its topline by 35% YoY, getting to over 3bn for the second consecutive quarter. As companies get larger, it is natural for growth to slow down. However, Meli’s growth rates are coming down but quite slowly, in comparison to many others that saw themselves favored by the pandemic. This is very positive since it means the consumers’ demand for the company’s products is sky high.