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Sep 30, 2020
MercadoLibre Q3 2020 Earnings Report
MercadoLibre's third quarter results were driven by high demand for e-commerce and fintech services.
Key Takeaways
MercadoLibre, Inc. reported strong third-quarter results, driven by high demand for e-commerce and fintech services. Net revenues reached $1,115.7 million, up 148.5% year-over-year on an FX neutral basis. Total Payment Volume was $14.5 billion, up 161.2% year-over-year on an FX neutral basis, and Gross Merchandise Volume reached $5.9 billion, up 117.1% year-over-year on an FX neutral basis.
Unique active users grew 92.2% reaching 76.1 million.
Gross merchandise volume (“GMV”) reached $5.9 billion, representing an increase of 62.1% in USD and 117.1% on an FX neutral basis.
Items sold reached 205.7 million, growing 109.9% year-over-year.
Total payment volume (“TPV”) through Mercado Pago reached $14.5 billion, a year-over-year increase of 91.7% in USD and 161.2% on an FX neutral basis.
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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