2 Internet Millionaire-Maker Growth Actions

The internet has so he has completely changed our way of life that it is often easy to forget that he is only about 30 years old. Indeed, the Internet has altered entertainment, finance, and commerce in countless ways over the past few decades.

come on examine two Internet growth stocks that I think are worth considering right now.

Image source: Getty Images.

MercadoLibre

The first is MercadoLibre (MELI -0.27%)a fast-growing e-commerce company focusing on the Latin American market.

While MercadoLibre may not be a household name in the US, the company is an absolute behemoth throughout Latin America. Last year alone, it generated more than $7.5 billion in Brazil, $3.2 billion in Argentina and nearly $3 billion in Mexico. Like other successful e-commerce companies, MercadoLibre has built a vertically integrated logistics network that helps it deliver products quickly and cheaply.

In addition to its e-commerce business, MercadoLibre offers payment services through its Mercado Pago segment. With many Latin American consumers either unbanked or underbankedMercado Pago fills an important nichehelping to provide digital banking solutions to customers across the region.

Financially, the company’s strong revenue growth is one of its biggest assets. In its most recent quarter (the three months ended June 30, 2024), the company reported revenue of $5.1 billion, representing a staggering year-over-year revenue growth rate of 42%.

Indeed, over the past three years, the company’s trailing 12-month revenue has nearly tripled, from $6.3 billion in 2021 to more than $17.4 billion.

MELI Revenue (TTM) data by YCharts.

Crucially, analysts expect MercadoLibre’s growth to continue in the future. Latin America, unlike Europe, the US and Canada, has yet to do so to fully support online shopping. However, the data clearly shows that the region is adopting this practice.

In turn, the consensus estimates are for MercadoLibre’s current year sales TO it amounts to 20.1 billion dollars — up 39% from last year. For 2025, analysts expect the company to generate sales of nearly $25 billion — up nearly 24 percent year over year.

Thanks to that skyrocketing earnings growth and the secular trend supporting it, investors should take a careful look at MercadoLibre stock.

Amazon

As the undisputed leader of e-commerce, Amazon (AMZN 0.91%) is based on, and continue to strengthen, its enormous advantages in the industry.

Take Amazon’s logistics network, for example. Since the height of the pandemic, the company has invested heavily in its supply chain. In just two years, the company embarked on an expansion that eventually doubled the size of its fulfillment network. Moreover, by moving from a national to a regional model based on nine geographic hubsAmazon has reduced delivery times. This makes the company’s 200 million Prime members get the packages as quickly as possible.

Of course, Amazon is more than just an e-commerce company. In addition to this business, Amazon leads the biggest cloud services business in the world (Amazon Web Services). On this front, businesses are booming as organizations continue to transfer resources to the cloud. In addition, AWS should further benefit from the growth of artificial intelligence (AI) applications, as many developers partner with AWS for use virtual machines, data centers or other support.

As a result, analysts expect Amazon’s sales to continue to grow — despite the fact that they already are gargantuan total annual sales. Over the past 12 months, Amazon has generated over $600 billion in sales, or about $1.6 billion per day. However, looking ahead, consensus estimates are for Amazon’s sales to grow to $634 billion in 2025 — an increase of about 11% year-over-year.

Amazon’s sheer size isn’t slowing it down. In fact, the company is capitalizing on its economies of scale as sales continue to grow rapidly. Investors looking for an internet growth stock to buy and own should consider Amazon.