Latin America Commerce Media Trends 2025

How Retail Media’s Success Is Unlocking the Next Big Digital Advertising Opportunity for Nonretail Players

Latin America’s commerce media ecosystem is rapidly evolving as nonretail players look to monetize their own first-party data. But unlike in the US, the convergence of retail and financial services in Latin America is giving rise to a distinct multi-industry model, shaping the next evolution of the region’s multibillion-dollar digital advertising market.

Key Question: How can nonretail players leverage commerce media as their next big revenue opportunity?

Key Stat: Retailers draw more unique visitors across most major markets in Latin America, giving them a clear scale advantage—but financial services and travel sites still offer valuable, high-intent audiences for advertisers to reach.

This report can help you:

  • Showcase opportunities to customers and develop go-to-market strategy (commerce media networks and solution providers)
  • Develop media strategy (brands and agencies)

Here’s what’s in the full report

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10charts

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6expert perspectives

Insights from industry and company leaders.

    Table of Contents

    1. Executive Summary
    2. The commerce media landscape is rapidly expanding into other industries
    3. How commerce players can learn from retailers’ pitfalls and build a successful ad network
    1. What will it take for commerce media to scale in Latin America?
    2. EMARKETER Interviews
    3. Sources
    1. Media Gallery

    Charts in This Report

    Interviewed for This Report

    Francisco Azócar
    Spafax
    Commercial Director, Latin America
    Interviewed March 13, 2025
    Luciana Barchini
    Digital Boosters
    Co-Founder
    Interviewed March 10, 2025
    Rodrigo Cerón
    Marketerops
    Co-Founder and CEO
    Interviewed March 10, 2025
    Carlos Corona Betancourt
    MindgruveMacarta
    Chief Growth Officer
    Interviewed March 7, 2025
    Rodrigo Rio
    Santander Brasil
    Senior Head of Digital Business
    Interviewed October 31, 2024
    Regina Ye
    Topsort
    Co-Founder and CEO
    Interviewed March 7, 2025

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    First Published on Apr 15, 2025

    authors

    Matteo Ceurvels

    Contributors

    Suzy Davidkhanian
    VP, Content
    Vladimir de Leon
    Chart Editor
    Eleni Digalaki
    Nikolai Dineros
    Donte Gibson
    Senior Charts Editor
    Chris Keating
    Wendy Malloy
    Director, Reports Editor
    Sarah Marzano
    Principal Analyst, Retail Media
    Emma Noyes
    Graphic Designer, Data Visualization
    Amy Rotondo
    Director, US Research
    Emman Velasco
    Chart Editor