Mercado Libre Reports Impressive Q4 Results

March 3, 2021

Mercado Libre, Inc., a leading classifieds giant in LATAM, has released its fourth-quarter financial results ending December 31, 2020. While many companies reported shaky figures for the end of 2020, LATAM classifieds leader, Mercado Libre, saw increases across the board. 

MercadoLibre 3 months periods ended dec 31

Business highlights from the report include:

  • Unique active users up by 71.3%, year-over-year
  • GMV up to $6.6 billion, a 69.6% increase
  • 109.5% year-over-year increase in items sold
  • Live listings on its marketplace hit 275.4 million

MercadoLibre yoy revenue growth 1

Financial high lights from the report include:

  • Fourth-quarter net revenues up $1.3 billion year-over-year, an increase of 96.9%
  • Commerce revenues increased 124.2% year-over-year
  • Gross profit was $489.0 million with a margin of 36.8%, compared to 45.7% year-over-year
  • Net loss was $50.6 million, resulting in net loss per share of $1.02

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented: 

“Our strong performance during the quarter further established our leadership position in Latin America, which is the world’s fastest-growing region for e-commerce, according to e-Marketer. These positive market dynamics, combined with our strong execution and focus, are reflected in our quarterly performance, where growth continued accelerating despite the gradual reopening of physical retail during the period.”

March 3, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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

square yards new build 2
Square Yards Raises $95M With More to Come as IPO Edges Closer

Square Yards has closed a $95 million capital raise, and it is not done yet. The Indian proptech firm says...

Read More
Untitled design 11 2 3
CoStar Hit With 'Hub-and-Spoke' Antitrust Suit Over Commercial Rents

CoStar Group and five of the largest commercial real estate brokerages in the US have been named in a proposed...

Read More
scout24 german houses ii 4
Scout24 Lifts Shareholder Returns to €455M and Bets Big on Agentic AI

Scout24 paired record results with a much bigger payout at its 2026 annual general meeting in Munich on the 17th...

Read More
rightmove row of new housees 5
Rightmove Backs Government Plan to Put Sales Packs at the Point of Listing

Rightmove has thrown its weight behind a sweeping set of government proposals that would reshape what sits on a home...

Read More

Editor's Pick