Mercado Libre posts Q1 net loss of US$34 million; revenue soars 111%

Mercado Libre operations in Brazil represent 56% of the company's total net revenue, reaching US$768.7 million, a 93% increase in US dollars year-on-year.

RIO DE JANEIRO, BRAZIL - Mercado Libre on Wednesday, May 5, reported a first quarter 2021 net loss of US$34 million, or US$0.68 loss per share. The quarter closed with a pre-tax profit of US$9.5 million, compared to a loss of US$16.7 million over the same period in 2020.

Net revenue for the first quarter stood at US$1.4 billion, a year-on-year increase of 111.4% in dollars and . . .

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