Welcome to our dedicated page for Mercado Libre news (Ticker: MELI), a resource for investors and traders seeking the latest updates and insights on Mercado Libre stock.
Mercado Libre, Inc. (NASDAQ: MELI) represents the pinnacle of e-commerce and fintech innovation in Latin America. Established in 1999 and headquartered in Buenos Aires, Argentina, MercadoLibre has revolutionized the way individuals and businesses buy, sell, advertise, and pay for goods online through its diverse platforms.
At the core of its operations are MercadoLibre.com and MercadoPago.com, which collectively serve millions of users across 18 countries. The company's e-commerce platform, MercadoLibre.com, is a bustling marketplace allowing users to engage in transactions safely and efficiently. Recognized globally, the site ranks among the top 50 in terms of page views and holds the top spot for unique visitors in every country it operates, according to Comscore Networks.
MercadoLibre's ecosystem extends beyond e-commerce. Mercado Envios provides seamless shipping solutions, while Mercado Pago and Mercado Credito offer robust payment and financing options. The company also features advertising services through Mercado Clics, a classifieds section, and Mercado Shops, a turnkey e-commerce solution for businesses.
With more than 218 million active users and over 1 million active sellers, MercadoLibre generates revenue through a mix of final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from lending. The company’s commitment to leveraging world-class technology has positioned it as a leader in democratizing commerce and financial services in Latin America.
One of the recent notable updates is the conversion option for note holders before November 13, 2023. Each $1,000 principal amount of notes is convertible into 2.2952 shares of MercadoLibre common stock, reflecting an increased rate. This strategic move aims to save the company approximately $44 million in interest expenses, underscoring its prudent financial management.
MercadoLibre is more than an e-commerce platform; it's a catalyst for economic transformation in Latin America, offering intuitive solutions tailored to the region's distinct cultural needs. For further information, visit their Investor Relations page.
MercadoLibre, Inc. (MELI) reported strong Q2 2021 results, with net revenues of $1.7 billion, a 102.6% increase year-over-year on an FX neutral basis. Total Payment Volume was $17.5 billion, rising 72% year-over-year. Gross Merchandise Volume reached $7.0 billion, an increase of 46%. Unique active users grew by 47.4% to 75.9 million. Despite challenges in key markets, the company showed remarkable growth in commerce and fintech, with notable increases in user engagement and transaction volumes.
MercadoLibre (Nasdaq: MELI) will announce its financial results for Q2 2021 on August 4, 2021. The conference call will be held at 4:30 PM ET, allowing investors to gain insights into the company's performance. MercadoLibre is the leading online commerce platform across Latin America, serving 18 countries. The company plays a crucial role in enhancing e-commerce and digital payment solutions in a rapidly expanding market.
BigCommerce (Nasdaq: BIGC) has partnered with Mercado Libre (Nasdaq: MELI), Latin America's leading ecommerce marketplace, enabling BigCommerce merchants to access nearly 133 million unique consumers throughout the region. This collaboration, Mercado Libre's first major partnership with a North American platform, aims to enhance cross-border ecommerce. Benefits for merchants include improved order management, personal account management for onboarding, and currency conversion features, helping them enter the fast-growing Latin American market more efficiently.
MercadoLibre, Inc. (MELI) reported Q1 2021 financial results showing net revenues of $1.4 billion, a 158.4% increase year-over-year on an FX neutral basis. Total Payment Volume surged to $14.7 billion, up 129.2% year-over-year, while Gross Merchandise Volume reached $6.1 billion, marking a 114.3% increase. Unique active users also grew by 61.6% year-over-year to 69.8 million. Despite substantial growth, the net loss amounted to $34 million, translating to a net loss per share of $0.68.
MercadoLibre (MELI) plans to release its financial results for the first quarter ending March 31, 2021, on May 5, 2021. Following the release, the company will host a conference call at 5:30 p.m. ET, accessible via phone and audio webcast. MercadoLibre is a leading e-commerce and payments platform in Latin America, operating in 18 countries, including Argentina, Brazil, and Mexico. The platform aims to enhance e-commerce and digital payments across the region, catering to over 605 million people.
MercadoLibre, Inc. (MELI) reported strong Q4 2020 results, with net revenues of $1.3 billion, a 148.5% year-over-year increase on an FX neutral basis. Total Payment Volume reached $15.9 billion, up 134.4% year-over-year. Unique active users grew by 71.3% to 74 million, and Gross Merchandise Volume (GMV) reached $6.6 billion, up 109.7% year-over-year. Despite this growth, the company reported a net loss of $50.6 million, highlighting ongoing challenges.
MercadoLibre (MELI) will release its financial results for the third fiscal quarter ending December 31, 2020, on March 1, 2020. A conference call is scheduled for the same day at 4:30 p.m. ET. Interested participants can join the call by dialing (877) 303-7209 or (970) 315-0420, using Conference ID 4762658. The call will also be accessible via webcast on the company's investor relations website, with an archive available for one week post-call. MercadoLibre is the leading e-commerce and payments platform in Latin America, operating in 18 countries.
MercadoLibre (Nasdaq: MELI) announced the closing of its public offering with $400 million in 2.375% notes due 2026 and $700 million in 3.125% notes due 2031. Proceeds from the 2026 Sustainability Notes aim to finance projects in financial inclusion, environmental sustainability, and social development. The 2031 Notes will be used to repurchase part of the company's outstanding convertible senior notes. This issuance reflects MercadoLibre's commitment to sustainable development and its growth strategy in Latin America.
MercadoLibre, Inc. (Nasdaq:MELI) announced its first public offering of debt securities, pricing $400 million in 2.375% notes due 2026 and $700 million in 3.125% notes due 2031. The proceeds from the 2.375% notes will fund Eligible Projects focusing on environmental and social objectives, including clean transportation and renewable energy. This marks a significant step in MercadoLibre’s financial strategy, which aims to support sustainable development. The notes are guaranteed senior sustainable notes, reflecting the company's commitment to financing responsible initiatives.
MercadoLibre (MELI) announces a $440 million repurchase of its 2.00% convertible senior notes due 2028, anticipated to close by January 26, 2021. This repurchase is part of privately negotiated transactions dependent on the pricing of a prior cash offering of senior notes. The repurchase price will correlate with the volume-weighted average price of MELI's common stock during the determination period, which could influence stock market pricing. Approximately $440 million of the convertible notes will remain outstanding post-repurchase.
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