MercadoLibre, Inc. Releases Q1 2021 Financial Results

May 5, 2021
Share this Post: 

Latin America’s leading e-commerce horizontal, MercadoLibre, Inc., has released its first quarter ended March 31, 2021 financial results via conference call earlier today. The company announced that it saw great improvements compared to this same period last year, showing a bounce back from early pandemic times including active users jumping 61.6% year-over-year, and successful items sold increasing an impressive 110.2% year-over-year. 

For the first quarter of 2021, MercadoLibre reported its net revenue has hit $1.4 billion, an increase of 111.4% year-over-year. Its Commerce revenues increased as well- an impressive 139.2% year-over-year, hitting %910.6 million. Gross profit was $591.4 million with a 42.9% margin, compared to 48.0% year-over-year.

wpDataTable with provided ID not found!
*EBITDA is calculated by S&P Global Market Intelligence using methodology that may differ from that used by a company in its reporting.

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

“Our financial results were once again marked by accelerated growth due to strong demand for e-commerce and FinTech services within an improving but still challenging environment. Online consumption remained strong and we experienced favorable consumer trends. Online consumption throughout remained strong and we experienced favorable consumer trends as digital services share of wallet continue to grow. Our solid quarterly performance illustrates our commitment to executing our long-term strategic priorities as we remain focused on our purpose of democratizing access to commerce and money in Latin America, recognizing the important economic role we play in the countries where we operate.”

As the months tick on, we're seeing an increasing number of companies pleased with their financial results. MercadoLibre is one such company, with its increases hitting percentages over 100.

May 5, 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

Scout24 Generic Financial
Scout24 Distributes $69.4 Million in Dividends

Scout24 SE, parent company of German real estate giant ImmoScout24, has agreed to distribute €66.4 million in dividends, or €0.85...

Read More
Rightmove Bans Listings Without Prices

Rightmove is no longer accepting property listings that do not have a specific price. Rightmove made the changes to comply...

Read More
Onthemarket Acquires
OnTheMarket Introduces Flexible Office Listings

OnTheMarket will add around 4,000 listings to its platform after partnering with flexible workspace platform Instant Offices. The deal will...

Read More
Zillow Ship Wreck
Zillow to Layoff 55 Employees in iBuying Business Shutdown

Zillow Group Inc. will lay off 55 employees in Texas as it continues its exit from the home-flipping business. The...

Read More

Popular News