Home Business NewsBusinessBusiness Growth News MercadoLibre share price soars by 175% in 2020, eCommerce sales by 47% to $20.5bn

MercadoLibre share price soars by 175% in 2020, eCommerce sales by 47% to $20.5bn

by LLB Finance Reporter
9th Feb 21 10:07 am

Since Latin American company MercadoLibre went public, its shares have been on a steady uptrend. According to the research data analysed and published by Stock Apps, MercadoLibre’s share price is over 10,000% higher than its 2007 IPO price of $18. As of February 9, 2021, it is priced at $1,913. In 2020, it shot up by a massive 174.5% according to S&P Global.

For the full year 2020, the company’s sales on its online marketplace soared by 46.5% to $20.51 billion. Its share of Latin America eCommerce sales also increased during the year, going from 22.5% in 2019 to 24.1%.

Mercado Pago Payment Volume Shot Up by 197% in 2020

MercadoLibre had 144.6 million registered users at the end of 2015. The number shot up to 320.6 million by the end of 2019. In the first nine months of 2020, it added a further 46.8 million. During that period, it had 76.1 million unique visitors, close to double the 39.6 million reported in the previous year period. Unique active users in that time grew by 84% year-over-year (YoY) to 112.5 million.

The company is the largest eCommerce and payments platform in Latin America and the 10th largest globally. Mercado Pago, its payments ecosystem, saw transaction volume nearly double in the first nine months of 2020. The figure shot up from $7.6 billion in 2019 to $14.5 billion in 2020.

Lastly, based on a study by Fitch Ratings, MercadoLibre will have a 60% average topline growth in the period between 2020 and 2022. The growth will have strong gross merchandise value (GMV) and its payments volume will work as the major driving factor.

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