3/04/14

Latin American e-marketplace company MercadoLibre sells 28% more in 2013

Fourth quarter sales were up 29% year over year. Total payment volume for its MercadoPago payment product, which is similar to PayPal, totaled $746.0 million in the fourth quarter, up 42% in U.S. dollars from $524.9 million a year earlier, the marketplace operator says.

Katie Evans , Managing Editor, International Research

MercadoLibre Inc., the operator of eBay-like marketplaces in 13 Latin American countries, says merchants on its web shopping portals sold $2.14 billion in the fourth quarter of 2013, up 29.9% in U.S. dollars from $1.64 billion a year earlier. For the full year, MercadoLibre generated $7.3 billion in merchandise sales, up 28.1% when compared to the full year 2012.

"MercadoLibre's e-commerce ecosystem clearly benefited from our ongoing initiatives in 2013, with growing functionalities complementing the unmatched value and selection of our marketplace,” says Marcos Galperin, president and CEO of MercadoLibre Inc. “Strong fourth quarter results showed positive momentum in marketplace and payments as we kept driving improvements to user experience. I look forward to more innovation in 2014, as we continue to unlock the huge potential behind Latin America's shift from offline to online commerce."

For the fourth quarter MercadoLibre, whose shares trade on the Nasdaq exchange, reports:

For the full year 2013, MercadoLibre reports:

 

 

 

 

 

Topics:

eBay, international marketing, Latin America 400, MercadoLibre, MercadoPago, online marketplaces, PayPal

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