Mercado Libre Posts Record Revenue of $10 Billion in 2022

March 14, 2023
Share this Post: 

The e-Commerce and online classifieds giant Mercado Libre has posted its results for the year ended 31st of December 2022. Highlights of the company's impressive results include:

  • Net revenue of $10 billion for the year and $3 billion for Q4 (a 31% quarterly increase).
  • Net income of $482 million for the year, up from $83 million in 2021.
  • The company's FinTech play, Mercado Pago grew by around 100% in each quarter of 2022.

Mercado Libre operates e-Commerce and online classifieds sites across Latin America and is often referred to as the of the region. As well as horizontal classifieds sites it also operates real estate verticals in Chile (PortalInmobiliaro) and Venezuela (TuInmueble) and is an important player and competitor in many markets in the region.

The company is something of a FinTech leader in Latin America and its proprietary payment platform Mercado Pago has grown exponentially over the last few years. Mercado Libre has also, started facilitating cryptocurrency real estate payments and provided a platform for real estate crowdfunding.

March 14, 2023
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zillow And Opendoor
Zillow and Opendoor Further Extend Their Partnership into 3 New Markets

US giant Zillow and Opendoor have expanded their home sales partnership into three new markets. The new markets are Houston,...

Read More
Ke Holdings Decoration
Chinese Leader KE Holdings Sees Net Losses Widen to $203m in 2022 As It Goes "from high-speed to high quality growth"

Leading Chinese real estate brokerage and portal company KE Holdings (aka Beike) has released a report on its performance for...

Read More
Property Finder Boardroom
PropertyFinder hires Frode Nordseth as VP of Product

Dubai-based marketplace Property Finder has hired Frode Nordseth as its new VP of Product. He announced his new role in...

Read More
Buyrentkenya Nairobi Skyline
"The ceiling for innovation is just infinite at this point" - Interview with BuyRentKenya CEO, Lizzie Costabir

Like the previous two portals we've spoken to in our Africa series, BuyRentKenya has been in the business for 10...

Read More

Editor's Pick