MercadoLibre Q1 2021 Earnings Report
Key Takeaways
MercadoLibre, Inc. reported strong first quarter 2021 financial results with net revenues of $1.4 billion, a 158.4% increase year-over-year on an FX neutral basis. Total Payment Volume reached $14.7 billion, up 129.2% year-over-year on an FX neutral basis, and Gross Merchandise Volume was $6.1 billion, up 114.3% year-over-year on an FX neutral basis.
Unique active users grew by 61.6% year-over-year, reaching 69.8 million.
Gross merchandise volume grew to $6.1 billion, representing an increase of 77.4% in USD and 114.3% on an FX neutral basis.
Successful items sold reached 222.0 million, increasing by 110.2% year-over-year.
Total payment volume through Mercado Pago reached $14.7 billion, a year-over-year increase of 81.8% in USD and 129.2% on an FX neutral basis.
MercadoLibre
MercadoLibre
MercadoLibre Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income