To our Shareholders Q4’24 Results Mercado Libre had another great year in 2024, with more consumers and merchants choosing us, taking us past the milestones of 100mn annual unique buyers and 60mn Fintech MAUs for the first time. Engagement among these users is rising: retention and frequency on our marketplace are at record levels, as are payments and deposits per user in our digital account, and the number of merchants borrowing from us is higher than ever. The strength of our value proposition makes these trends possible, and we continue to invest to always offer the best user experience for individuals and merchants across Latin America. In 2024 we strengthened the value proposition of our digital account. Users in Brazil and Mexico receive market-leading deposit yields, and the increasing accuracy of our credit scoring models enabled us to offer more competitive card limits in Brazil. Cardholders receive extra installments on marketplace purchases, and those that are members of MELI+, our loyalty scheme, also receive cashback on purchases on- and off- platform and a lower free shipping threshold. This differentiated value proposition contributed to record NPS in Brazil and Mexico. It is also enabling us to serve segments of marketplace buyers that have historically not used Mercado Pago. This is important as we pursue the unique opportunity to cross-sell fintech services to our marketplace's 100mn unique buyers. We are also enhancing our marketplace value proposition, focusing on assortment, logistics and user experience (UX). We strengthened our position as a destination for brands in 2024. We welcomed official stores from premium brands such as Lancôme, Ralph Lauren and Lacoste, and other brands like Natura, the region's leading beauty brand. At the value end, we added hundreds of apparel manufacturers with their own brands. We had record levels of free shipments in 2024 and we continue to run the fastest network in the region - by far. We also invested more than ever in category-specific UX to improve the online buying experience in everything from autoparts to groceries. Our compelling value proposition attracted a record number of new buyers in 2024. It also puts us in a unique position to drive offline retail online in a region whose ecommerce penetration is almost a decade behind the USA. Our leading value proposition also enables us to deliver solid and sustainable financial results as we grow. For example the growing volume in our logistics network enhances cost efficiency. The credit card enables us to turn more users into ecosystemic users, with higher GMV and TPV. In Q4’24, this translated into record- breaking quarterly results for revenue, income from operations and net income. The quarter’s results show our teams are executing well and we have great momentum across the business. Net revenues & financial income of $6.1 billion, up 37% YoY and 96% FX-neutral Income from operations of $820 million, with a 13.5% margin Net income of $639 million, with a 10.5% margin $58.9 billion Total Payment Volume, up 33% YoY and 49% FX-neutral $14.5 billion Gross Merchandise Volume, up 8% YoY and 56% FX-neutral MONTEVIDEO, Uruguay; February 20th, 2025 -- MercadoLibre, Inc. (Nasdaq: MELI) (http:// www.mercadolibre.com), Latin America’s leading e-commerce and fintech company, today reported financial results for the fourth-quarter and year ended December 31, 2024. 1 MercadoLibre, Inc. Letter to Shareholders

We continue consolidating our position as the top destination to buy online in Latin America, and this led to GMV surpassing $50bn for the first time in 2024. The growth of unique buyers, which accelerated for the third quarter in succession in Q4'24 (to 24% YoY), is also testament to this. This is the result of many years of consistent investment in all aspects of our user experience. We will continue to invest because although we are pleased to have reached 100mn unique buyers in 2024, we believe this number can be much higher in the long-term. Our investments are also unlocking more purchasing activity among our buyers. For example, the share of our unique buyers that purchase three or more categories per month has risen almost 20ppts over the last five years. This is consistently ticking higher, and we think it also has much further to run. These investments - in fulfillment, free shipping, marketing, loyalty and other areas that span our entire value prop - led to another great year for our marketplace in 2024. They generated higher NPS and market share gains in Brazil and Mexico, even against stiff competition, and profitable growth. In Q4'24, FX-neutral GMV growth was solid in Brazil (+32% YoY) and Mexico (+28% YoY) as our teams in both countries executed effectively through peak season. Our 1P offering played an important role in driving our strong results as it accounted for eight of the top ten selling items during Black Friday in Brazil and all of the top ten sellers during El Buen Fin in Mexico. That said, most of our GMV growth - and almost 95% of our GMV in dollars - is driven by sellers’ assortment. Growth was solid across all categories and lower price ranges continued performing well. Trends in Argentina are encouraging. Items sold grew 18% YoY in Q4'24, accelerating again even though we faced a tough comparison against last year's pull-forward of demand. ASPs are growing at a slower pace than inflation as the mix shifts in favor of staples, clothing and beauty. This shift towards high frequency categories is a long-term positive for our business as it reinforces the shift of offline retail online. As improving macro trends begin to drive a recovery of demand, we are optimistic about the growth opportunities ahead, and we intend to invest accordingly. Mercado Envios handled almost 1.8bn items in 2024, with over half a billion in Q4'24 alone. New facilities helped us to grow the number of fulfilled items by 44% YoY in 2024, and to reach record fulfillment penetration in Brazil, Mexico, Argentina, Chile and Colombia in Q4'24. Operational execution was strong in 2024, with on-time deliveries hitting record highs and late deliveries reaching record lows. Productivity improved across the fulfillment network, enabling us to invest more in faster and cheaper deliveries for buyers. More buyers are choosing our slow shipping methods as they enable free shipping on a wider assortment of products, while better service outside the main urban centers is stimulating new demand. These factors led to a small YoY drop in deliveries made on the same or next day (to 49%), but they are generating incremental GMV and engagement with our ecosystem. Furthermore, our delivery speed promises improved YoY, helped by the launch of our Metro fulfillment centers in Brasilia and Porto Alegre. As a result of our efforts to continuously improve our technology, we had a good peak season in Product and Brand Ads, the latter driven partly by wider availability via our self-service platform. This helped ads revenue to grow 41% YoY (88% FX-neutral) in Q4'24 and reach 2.1% of GMV. There is still a lot for us to do to scale our advertising products, particularly Display and Video, to the levels we aspire to in the long-term. 2 Q4’24 Results Commerce Fintech Services We are making excellent progress on our ambition to offer the best digital banking experience in Latin America. NPS hit record levels in Brazil and Mexico in Q4'24 and the highest since 2021 in Argentina. This is driving greater adoption, with strong trends across all three countries. MAUs rose 34% YoY to 61.2mn (with even faster growth among heavy users), AUM grew 129% YoY to $10.6bn (due to the success of our yielding account) and Insurtech active users surpassed 10mn for the first time.