Mercado Libre Posts Record Revenue of $10 Billion in 2022

March 14, 2023
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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
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

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