Page 1

mercado libre MercadoLibre , Inc. Reports Second Quarter 2021 Financial Results Net Revenues of $ 1.7 billion , up 102.6 % year - over - year on an FX neutral basis $ 17.5 billion Total Payment Volume , up 72 % year - over - year on an FX neutral basis $ 7.0 billion Gross Merchandise Volume , up 46 % year - over - year on an FX neutral basis AIRES , Argentina , August 4th , 2021 ( GLOBE NEWSWIRE ) MercadoLibre , Inc. ( Nasdaq : MELI ) ( http://www.mercadolibre.com ) , Latin America's leading e - commerce technology company , today reported financial results for the quarter ended June 30 , 2021 . BUENOS -- Pedro Arnt , Chief Financial Officer of MercadoLibre , Inc. , commented , " I am pleased to announce that the team here at MercadoLibre delivered another quarter of strong growth in our commerce and fintech businesses in Q2 2021 , achieving record levels in both volume and revenues . This strong performance builds on the solid first quarter we had this year . We believe that our business is showing tremendous momentum despite immense volatility in our key markets due to the frequent closing of physical retail across Latin America . I am proud to see the consistent execution of our plans while prioritizing innovation , speed of execution and user experience , all elements that are at the core of our corporate DNA . " Second Quarter 2021 Business Highlights • • • • • Unique active users grew by 47.4 % year - over - year , reaching 75.9 million . Gross merchandise volume ( " GMV " ) grew to $ 7.0 billion , representing an increase of 39.2 % in USD and 46.1 % on an FX neutral basis . Successful items sold reached 244.6 million , increasing by 37.0 % year - over - year . Live listings offered on MercadoLibre's marketplace reached 319.1 million . Mobile gross merchandise volume grew by 218.2 % year - over - year on an FX neutral basis , reaching 73.4 % of GMV . Mercado Envios shipped 230.5 million items during the quarter , representing a 46.4 % year - over - year increase . Total payment volume ( " TPV " ) through Mercado Pago surpassed $ 17.5 billion , a year - over - year increase of 56.3 % in USD and 72.2 % on an FX neutral basis . Total payment transactions increased 80.3 % year - over - year , totaling 729.9 million transactions for the quarter . Off - platform TPV grew 70.5 % year - over - year in USD and 93.5 % year - over - year on a FX neutral basis , reaching $ 10.3 billion , while payment transactions reached 566.0 million , a year - over - year increase of 101.6 % . Online Payments TPV grew 67.2 % year - over - year on an FX neutral basis . MPOS accelerated TPV growth , reaching 93.7 % year - over - year growth on an FX neutral basis . Mobile Wallet TPV grew 106.5 % year - over - year on an FX neutral basis . Our asset management product , Mercado Fondo , has over $ 810 million under management and approximately 19.3 million users across Latin America . Mercado Credito's portfolio is now over $ 800 million , almost 5x its size compared to the second quarter of 2020 . 1