Press release
MercadoLibre, Inc. Reports Fourth Quarter 2020 Financial Results
Net Revenues of $1.3 billion, up 148.5% year-over-year on an FX neutral basis$15.9 billion Total Payment Volume, up 134.4% year-over-year on an FX neutral
About this update from Mercadolibre, Inc.
[{"type":"text","content":"Net Revenues of $1.3 billion, up 148.5% year-over-year on an FX neutral basis$15.9 billion Total Payment Volume, up 134.4% year-over-year on an FX neutral basis$6.6 billion Gross Merchandise Volume, up 109.7% year-over-year on an FX neutral basis BUENOS AIRES, Argentina, March 01, 2021 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the quarter ended December 31, 2020. Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “Our strong performance during the quarter further established our leadership position in Latin America, which is the world’s fastest growing region for e-commerce, according to e-Marketer. These positive market dynamics, combined with our strong execution and focus, are reflected in our quarterly performance, where growth continued accelerating despite the gradual reopening of physical retail during the period.” Fourth Quarter 2020 Business Highlights Unique active users grew by 71.3% year-over-year, reaching 74.0 million.Gross merchandise volume (“GMV”) grew to $6.6 billion, representing an increase of 69.6% in USD and 109.7% on an FX neutral basis.Items sold reached 229.4 million, increasing by 109.5% year-over-year.Live listings offered on MercadoLibre’s marketplace reached 275.4 million.Mobile gross merchandise volume grew by 271.4% year-over-year on an FX neutral basis, reaching 72.1% of GMV.Mercado Envios shipped 214.0 million items during the quarter, representing a 131.2% year-over-year increase, totaling almost 650 million deliveries for the full year 2020.Total payment volume (“TPV”) through Mercado Pago reached $15.9 billion, a year-over-year increase of 83.9% in USD and 134.4% on an FX neutral basis. Total payment transactions increased 131.0% year-over-year, totaling 659.3 million transactions for the quarter.Off-platform TPV grew 93.3% year-over-year in USD and 150.4% year-over-year on a FX neutral basis, reaching $9.2 billion, while payment transactions reached 501.7 million, a year-over-year increase of 139.6%.Online Payments TPV grew 142.9% year-over-year on an FX neutral basis and continued expanding its merchant base. The sequential deceleration was mostly explained by a higher impact on long tail sellers amidst the easing of COVID-19 restrictions.M...