The report also revealed that e-commerce business revenues increased 69% year-on-year in dollars, reaching US $ 1,224.7 millionwhile business income fintech they increased 61.7% year-on-year in dollars, reaching US $ 632.8 million.
At the same time, Gross profit for the quarter was US $ 806.6 million, with a margin of 43.4%, compared to 43.0% in the same quarter last year.
The company reported that the active unique user base during the quarter increased 3.4% year-on-year, reaching 78.7 million and that the total value of traded items for the quarter was US $ 7.3 billion, which represents a year-on-year growth of 23.9% in dollars and 29.7% in constant currency. 74.1% of this value comes from transactions made from mobile devices.
At the same time, Mercado Libre reported that 259.8 million items were sold, which implies a year-on-year growth of 26.3%. 335.1 million publications were registered on our platform and 247.8 million articles were sent through Mercado Envíos during the quarter, a year-on-year increase of 32.1%.
Another highlight was Mercado Pagos. The total volume of payments processed during the quarter through the application was $ 20.9 billion, a year-on-year increase of 43.9% in dollars and 59% in constant currency. 865.7 million transactions were processed in the period, representing a year-on-year increase of 54.7%.
“The results show another solid period, driven by the acceleration of electronic commerce and fintech solutions. During these three months, we have consolidated our leadership position among small and medium-sized enterprises (SMEs) that use our ecosystem, as well as among the large companies in the commercial pyramid, “said Pedro Arnt, the firm’s chief financial officer.
Source From: Ambito
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