Dec 31, 2021

MercadoLibre Q4 2021 Earnings Report

Reported net revenues of $2.1 billion, up 73.9% year-over-year on an FX neutral basis.

Key Takeaways

MercadoLibre, Inc. reported strong Q4 2021 financial results, with net revenues reaching $2.1 billion, a 73.9% increase year-over-year on an FX neutral basis. The company demonstrated resilience amidst pandemic challenges, inflationary pressures, and a competitive environment, achieving record results and improved margins.

Unique active users reached 82.2 million across the ecosystem.

Gross merchandise volume grew to $8.0 billion, a 32.2% increase on an FX neutral basis.

Total payment volume through Mercado Pago reached $24.2 billion, up 72.8% on an FX neutral basis.

Successful items sold reached 287.9 million, a 25.5% year-over-year increase.

Total Revenue
$2.13B
Previous year: $1.33B
+60.6%
EPS
-$0.92
Previous year: -$1.02
-9.8%
Total Payment Volume
$24.2B
Previous year: $15.9B
+51.8%
Successful Items Sold
287.9M
Previous year: 229.4M
+25.5%
Gross Merchandise Volume
$8B
Previous year: $6.57B
+21.9%
Gross Profit
$853M
Previous year: $489M
+74.5%
Cash and Equivalents
$2.58B
Previous year: $1.86B
+39.2%
Free Cash Flow
$552M
Previous year: $169M
+226.3%
Total Assets
$10.1B
Previous year: $6.53B
+54.8%

MercadoLibre

MercadoLibre

MercadoLibre Revenue by Geographic Location

Forward Guidance

The company did not provide forward guidance in its earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income