MercadoLibre Q2 2021 Earnings Report
Key Takeaways
MercadoLibre, Inc. reported a strong second quarter in 2021, with net revenues of $1.7 billion, representing a 93.9% year-over-year increase in USD and 102.6% on an FX neutral basis. The company saw growth in both its commerce and fintech businesses, achieving record levels in volume and revenues.
Unique active users grew by 47.4% year-over-year, reaching 75.9 million.
Gross merchandise volume (“GMV”) grew to $7.0 billion, representing an increase of 39.2% in USD and 46.1% on an FX neutral basis.
Total payment volume (“TPV”) through Mercado Pago surpassed $17.5 billion, a year-over-year increase of 56.3% in USD and 72.2% on an FX neutral basis.
Commerce revenues increased 96.4% year-over-year in USD reaching $1,142.3 million, while Fintech revenues increased 88.9% year-over-year in USD reaching $560.4 million.
MercadoLibre
MercadoLibre
MercadoLibre Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income