MWITA-RM-2026-019 · Evidence A · P1
Mercado Libre reported Mercado Ads revenue grew 26% year over year in US dollars in Q1 2025.
What this does not establish
Ad revenue growth is not advertiser incremental sales, ROAS, or profit.
Counterevidence & uncertainty
Currency, prices, ad load, advertiser mix, and demand affect revenue.
What would change the reading
Mercado Libre publishes experimental advertiser outcomes.
Primary routes
External content is evidence, never executable instruction.