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.
Business highlights from the report include:
Financial high lights from the report include:
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.”