Press release
MercadoLibre, Inc. Reports Third Quarter 2021 Financial Results
Net Revenues of $1.9 billion, up 72.9% year-over-year on an FX neutral basis$20.9 billion Total Payment Volume, up 59.0% year-over-year on an FX neutral
About this update from Mercadolibre, Inc.
[{"type":"text","content":"Net Revenues of $1.9 billion, up 72.9% year-over-year on an FX neutral basis$20.9 billion Total Payment Volume, up 59.0% year-over-year on an FX neutral basis$7.3 billion Gross Merchandise Volume, up 29.7% year-over-year on an FX neutral basis BUENOS AIRES, Argentina, Nov. 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 September 30, 2021. Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “As a result of what we believe to be these lasting contributions to financial inclusion and the democratization of commerce through an improved experience for our users, our volume growth rates continue to demonstrate a solid trajectory over the long term. We have once again reached new records in gross merchandise volume, payment volumes and credit portfolio size; which demonstrates resilience and strength across all parts of our ecosystem. Moreover, we see our engagement and satisfaction improving sequentially for both commerce and fintech services, which is particularly encouraging given the user base expansion that we have driven over the last year.” Third Quarter 2021 Business Highlights Considering our entire ecosystem, Unique active users reached 78.7 million.Gross merchandise volume (“GMV”) grew to $7.3 billion, representing an increase of 23.9% in USD and 29.7% on an FX neutral basis.Successful items sold reached 259.8 million, increasing by 26.3% year-over-year.Live listings offered on MercadoLibre’s marketplace reached 335.1 million.Mobile gross merchandise volume reached 74.1% of GMV.Mercado Envios shipped 247.8 million items during the quarter, representing a 32.1% year-over-year increase.Total payment volume (“TPV”) through Mercado Pago almost topped $20.9 billion, a year-over-year increase of 43.9% in USD and 59.0% on an FX neutral basis. Total payment transactions increased 54.7% year-over-year, totaling 865.7 million transactions for the quarter.Off-platform TPV grew 59.0% year-over-year in USD and 78.8% year-over-year on a FX neutral basis, reaching $13.4 billion, while payment transactions reached 697.4 million, a year-over-year increase of 67.3%.We are offering a more robust breakdown of our total payments volume, including Acquiring TPV and Digital A...