Press release
MercadoLibre, Inc. Reports Fourth Quarter 2021 Financial Results
Net Revenues of $2.1 billion, up 73.9% year-over-year on an FX neutral basis$24.2 billion Total Payment Volume, up 72.8% year-over-year on an FX neutral
About this update from Mercadolibre, Inc.
[{"type":"text","content":"Net Revenues of $2.1 billion, up 73.9% year-over-year on an FX neutral basis$24.2 billion Total Payment Volume, up 72.8% year-over-year on an FX neutral basis$8.0 billion Gross Merchandise Volume, up 32.2% year-over-year on an FX neutral basis MONTEVIDEO, Uruguay, Feb. 22, 2022 (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, 2021. Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “Last year presented us with challenges, and with those also came many more opportunities. With our teams’ resilience and focus on delivering on our strategic objectives, we have been able to overcome shifting pandemic lockdown measures, rising inflationary cost pressures and a highly competitive environment in the digital commerce space. The final outcome was a year with record results across the board, sustained strong growth in key business metrics and topline, and improving margins and operating income for a second consecutive year.” Fourth Quarter 2021 Business Highlights Considering our entire ecosystem, Unique active users reached 82.2 million.Gross merchandise volume (“GMV”) grew to $8.0 billion, representing an increase of 21.2% in USD and 32.2% on an FX neutral basis.Successful items sold reached 287.9 million, increasing by 25.5% year-over-year.Live listings offered on MercadoLibre’s marketplace reached almost 300 million.Mobile gross merchandise volume reached 75.5% of GMV.Mercado Envios shipped 275.9 million items during the quarter, representing a 29.0% year-over-year increase. Managed network penetration was 89.5% in the fourth quarter.Total payment volume (“TPV”) through Mercado Pago reached $24.2 billion, a year-over-year increase of 52.1% in USD and 72.8% on an FX neutral basis. Total payment transactions increased 56.1% year-over-year, totaling 1,028.9 million transactions for the quarter.Off-platform TPV grew 75.1% year-over-year in USD and 96.5% year-over-year on an FX neutral basis, reaching $16.1 billion, while payment transactions reached 849.9 million, a year-over-year increase of 69.4%.Acquiring TPV, which includes On-Platform, Online Payments, MPoS and QR payments, was $17.2 billion, growing 51.1% on an FX neutral basis.Digital accounts TPV, which in...