MercadoLibre shares climbed 8.9% following reports of accelerating growth and improved logistics in Brazil.
First-quarter data showed a 38% increase in FX-neutral gross merchandise volume in the Brazilian market. Items sold in Brazil rose 56% during the same period.
The company reduced unit shipping costs by 17% despite higher volumes. Brazil remains the primary growth engine for the company’s Latin American operations.
Surging demand and logistics performance drive investor expectations for future earnings and ecosystem expansion. The results support a bullish outlook for the regional e-commerce and fintech giant.