Transcript
Leandro Cuccioli (0:05)
We have a very solid business and we've had a solid business in periods of high inflation, of low inflation, etc. Because as long as you have great price, great convenience, the fastest shipping people will buy from you.
Matt Greer (0:22)
That was Mercado Libre senior Vice president Leandro Cuccioli. I'm Motley fool producer Matt Grier. Now, MercadoLibre is a leader in the E commerce and E payments business. It's Latin America's largest company by market cap and is often referred to as the Amazon of Latin America. Motley fool analyst Asit Sharma recently talked with Cuccioli about opportunity, volatility and the business of Mercado Liberty.
Asit Sharma (0:52)
Hello, fools. I'm Asit Sharma, senior analyst and lead advisor at the Motley Fool. My guest today is Leandro Cuccioli. He's senior Vice President of corporate development strategy, sustainability and Investor Relations at Latin American e commerce giant Mercado Libre. Leandro holds an MBA from Stanford University and he was previously head of consumer services and social infrastructure investments at British International Investment, the UK's impact investor and development finance institution. Today we're going to discuss MercadoLibre's third quarter 2025 results, as well as broader operational and strategic topics that are essential to understanding this dynamic business. Leandro, welcome to the Motley Fool.
Leandro Cuccioli (1:35)
Thank you, Asit. It's great to be here. Wonderful.
Asit Sharma (1:38)
So I know you wanted to start off the conversation with a nod to the incredible streak of growth that MercadoLibri has thrown off. So I'll let you dive right in with this 30% growth rate that we've seen for so many quarters.
Leandro Cuccioli (1:54)
Yeah, and you're right, we think we are the only company in the world that has sustained 27 consecutive quarters of revenue growth, about 30%, in this case, 39% for the third quarter of 2025. And I think it's testament to the big opportunity that we see in the region. Right. That probably you have discussed with us in the past. When you look at Brazil or Mexico or Argentina, our three main geograph, you see gmb, or the gross volume of merchandise transacting our platform growing well above 30%, ship items growing and more than 42% in Brazil. So that means that a lot of people are still coming online to buy, sometimes for the first time. In Brazil, we had 29% growth in unique buyers. So that's at the scale of Mercado Libre with more than 100 million unique buyers in the last 12 months, is quite unique, I think, in the world to have 29% more folks coming to buy online. And the same can be said on the fintech side because it's a region that unfortunately in the past hadn't had the access to financial services that probably in developed markets people are used to now. Right? So here in Mexico, 15% of the people have a credit card. It's insane, right? Only 15%. So that explains why Mercado Pago, our fintech side of the business continues to grow. Also here users at a clip of around 30% reaching 72 million monthly active users. And that's payments, savings, credit and everything that you need for a modern life, right? So we're very excited about the third quarter, but moreover we're very excited about the opportunity ahead.
