Press release
MercadoLibre, Inc. Reports Second Quarter 2021 Financial Results
Net Revenues of $1.7 billion, up 102.6% year-over-year on an FX neutral basis$17.5 billion Total Payment Volume, up 72% year-over-year on an FX neutral
About this update from Mercadolibre, Inc.
[{"type":"text","content":"Net Revenues of $1.7 billion, up 102.6% year-over-year on an FX neutral basis$17.5 billion Total Payment Volume, up 72% year-over-year on an FX neutral basis$7.0 billion Gross Merchandise Volume, up 46% year-over-year on an FX neutral basis BUENOS AIRES, Argentina, Aug. 04, 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 June 30, 2021. Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “I am pleased to announce that the team here at MercadoLibre delivered another quarter of strong growth in our commerce and fintech businesses in Q2 2021, achieving record levels in both volume and revenues. This strong performance builds on the solid first quarter we had this year. We believe that our business is showing tremendous momentum despite immense volatility in our key markets due to the frequent closing of physical retail across Latin America. I am proud to see the consistent execution of our plans while prioritizing innovation, speed of execution and user experience, all elements that are at the core of our corporate DNA.” Second Quarter 2021 Business Highlights Unique active users grew by 47.4% year-over-year, reaching 75.9 million.Gross merchandise volume (“GMV”) grew to $7.0 billion, representing an increase of 39.2% in USD and 46.1% on an FX neutral basis.Successful items sold reached 244.6 million, increasing by 37.0% year-over-year.Live listings offered on MercadoLibre’s marketplace reached 319.1 million.Mobile gross merchandise volume grew by 218.2% year-over-year on an FX neutral basis, reaching 73.4% of GMV.Mercado Envios shipped 230.5 million items during the quarter, representing a 46.4% year-over-year increase.Total payment volume (“TPV”) through Mercado Pago surpassed $17.5 billion, a year-over-year increase of 56.3% in USD and 72.2% on an FX neutral basis. Total payment transactions increased 80.3% year-over-year, totaling 729.9 million transactions for the quarter.Off-platform TPV grew 70.5% year-over-year in USD and 93.5% year-over-year on a FX neutral basis, reaching $10.3 billion, while payment transactions reached 566.0 million, a year-over-year increase of 101.6%.Online Payments TPV grew 67.2% year-over-year on an FX neutral basis.MPOS accelerated ...