MercadoLibre Q1 2020 Earnings Report
Key Takeaways
MercadoLibre reported a net revenue of $652.1 million, a 70.5% year-over-year increase on an FX neutral basis. The company's TPV reached $8.1 billion, up 82.2% year-over-year on an FX neutral basis, and GMV reached $3.4 billion, up 34.2% year-over-year on an FX neutral basis. While the business was impacted by lockdowns, particularly in late March, there was a rebound in April.
Unique active users grew by 30.9%, reaching 43.2 million.
Total Payment Volume (TPV) through Mercado Pago increased by 82.2% year-over-year on an FX neutral basis, reaching $8.1 billion.
Gross Merchandise Volume (GMV) increased by 34.2% year-over-year on an FX neutral basis, reaching $3.4 billion.
Items sold reached 105.7 million, growing 27.6% year-over-year.
MercadoLibre
MercadoLibre
MercadoLibre Revenue by Geographic Location
Forward Guidance
MercadoLibre is committed to empowering merchants and securing deliveries during the COVID-19 crisis, aiming to emerge stronger with a greater sense of purpose.
Revenue & Expenses
Visualization of income flow from segment revenue to net income