Mercado Libre increases its sales during the first quarter of 2023

sipon95

Mercado Libre recorded a fairly satisfactory first quarter close in each of the businesses it owns. The company has had exorbitant growth so far in 2023, as its overall revenue reached USD 3.0 billion in the region, ensuring an expansion of 58.4% in constant currency; Meanwhile, 35.1% in dollars compared to the previous period.

The impressive figures of Mercado Libre
Throughout the first quarter of 2023, with Telegram Number Data around 3.9 million new users, the base reached the record of 100.5 million active users. Meanwhile, the operating result stood at some USD 340 million in Latin America, with a percentage of 11, 2% and the expansion of 145.0% in dollars, figures that show the great development and growth options in each of the markets where the platform is located.

Global profitability reached USD 201.4 million, a result that shows the existence of a net profit that transcends , a percentage that has been achieved due to a greater number of profits in operations.USD 4.01 per share (208.5%)


Regarding the sector ecommerce, there was an increase of 53.9% year-on-year in constant currency, as well as a 31.2% year-on-year in US dollar, achieving approximately the USD 1.7 billion, as a consequence of the marked expansion in sales volume during that period and where single buyers reached 46.1 million (16.5%).

Mercado Libre: Growth in sales level

The increase in the number of unique buyers was maximized in Latin America, an aspect that allowed promoting sales growth, which they grew by 16% in the first quarter.

For its part, net income from fintech reached USD 1.4 billion, an expansion that is derived by 40.1%, in dollars and 64.3% in local currency, percentages that are given by the income obtained by investments, payment services and credit businesses.



For the first quarter, Mercado Pago reached 44.5 million active users, experiencing a increase of 24.3%, maintaining an interesting competitiveness in the Latin American markets, consolidating above 40 million, adding in the last few years some 8.7 million new users.

You may also be interested in: Artificial Intelligence: Robots take over McDonald's, Oxxo and Coca-Cola

Opportunities in Latin America
To Pedro Arnt, who is Chief Financial Officer of Mercado Libre, comments that “Our leadership in e-commerce continues to be a great lever for the results of the entire company. We remain focused on continuing good performance throughout 2023, especially given the current potential for new product development. The hiring of more than 1,700 technology professionals reinforces our commitment to take advantage of opportunities in Latin America to grow profitably in the long term.