Mercado Libre Reports Impressive Q4 Results

March 3, 2021
Share this Post: 

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

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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyguru Board Room
PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Southeast Asian property portal operator PropertyGuru has announced the appointment to its board of REA Group CEO Owen Wilson. Wilson...

Read More
La Haus Queretaro
La Haus Growing Fast and Looking to Add Financing Products

Colombian PropTech startup La Haus has expanded to another Mexican city and is looking to increase the financial solutions it...

Read More
Rae Group Mortgages
REA Group to Consolidate Mortgage Brokerage Offering Under One Brand

Australian portal operator REA Group has announced that its mortgage brokerage business will operate under one brand. In 2017 REA...

Read More
Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More

Popular News