MWITA-RM-2026-021 · Evidence B · P1
Mercado Libre reported almost 67 million unique buyers in Q1 2025, up 25% year over year.
What this does not establish
Buyer growth is not caused by advertising and is not frequency, retention, or welfare.
Counterevidence & uncertainty
Geographic and cohort mix are not detailed.
What would change the reading
Mercado Libre releases cohort and experiment evidence.
Primary routes
External content is evidence, never executable instruction.