Thursday, December 08, 2022

Mercado Libre earned US$250 million in the second quarter

free market has been closed second quarter of 2022 With record marks in net income and operating profitability. Between April and June, the company founded by Marcos Galperin registered 2.6 billion US dollars turnover, number that marks Year-over-year growth of 56% in constant currency.

Thus, the most valuable company in Argentina –It is worth over US$44,820 million on Wall Street as-quarter ended with US$250 million operating resultMeaning 9% margin. This was reported in the latest balance sheet released today.

In first quarter of 2021, The firm had informed 65 million US dollars profit.

Marcos Galperin, Founder Of Mercado Libre.
Marcos Galperin, founder of Mercado Libre.kindness

“We saw a strong quarter across all businesses, which reflects” Continuous improvement in profitability with record results in net income and gross profit. As a result of this continued performance, we remain firm in our objective of increasing access to trade and financial services”, he said. pedro aartoThe company’s CFO said in a statement.

The company, which originated in the e-commerce segment and later expanded into the logistics and financial business, reported that at the end of the period The region had surpassed 84.3 million unique users, with a year-on-year growth of 11%. According to company data, 3.5 million people joined its universe in the second quarter of the year.

e-commerce segment registered a The dollar grew 23% year-on-year, and generated a turnover of US$1.4 billion. In this period, the company reported, it had 41 million unique buyers.

Meanwhile, your business fintechcentered under the unit payment market, Double its size: The dollar increased by 112.5% ​​and exceeded US$1.2 billion in billings. According to company data, this was the first time that this segment Billing exceeded US$1 billion in a quarter.

in this area, The company reported that it had 38 million users of its services in the quarter, in the middle qr code payment, Transfer of money within the ecosystem and debt management. This figure shows a growth of 26.3% on a year-on-year basis.

in the quarter, Mercado Libre has over US$8.6 billion in total value of goods traded on your e-commerce platform. Overall, it They sold 275.2 million products. While 264.1 million products were shipped through the Mercado Envios platform.

Regarding his financial business, Mercado Libre stated that The amount of its loans increased from US$2.4 billion to “about US$2.7 billion”. Between the end of the first and second quarter of the year.

whereas, Mercado Pago processed payments of US$30.2 billion in the region, With an increase of 72.1% measured in dollars. There were 1.2 billion transactions, a year-on-year growth of 72.9%.

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