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Top related persons:
MercadoLibre - 1 Mercado - 1 Pedro Arnt - 1 Arnt - 1 Gross - 1 Andre Romani - 1 Carolina Pulice - 1 Brendan O'Boyle - 1
Top related locs:
Latin America Brazil Mexico America
Top related orgs:
SAO PAULO - 1 Mercado Pago - 1 Thomson - 1

Search resuls for: "Arnt"


4 mentions found


☆ MercadoLibre's Q2 profit doubles on higher sales volume, user growth
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million. Total payment volume jumped 96.6% in constant currency to $42 billion. MercadoLibre said that a total of 318.5 million items were shipped across Latin America in the quarter, marking a 20.6% growth year-on-year. Gross merchandise volume (GMV), a key metric in the e-commerce industry, was up 47.2% in constant currency to hit $10.5 billion.
Persons: MercadoLibre, Mercado, Pedro Arnt, Arnt, Gross, Andre Romani, Carolina Pulice, Brendan O'Boyle Organizations: SAO PAULO, Mercado Pago, Thomson Locations: Latin America, Brazil, Mexico, America
☆ Latam's MercadoLibre's net profit rises, fueled by fintech arm
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
Total Payment Volume (TPV) via Mercado Pago grew 79.5% in constant currency (45.3% in dollars) to reach $36.0 billion. In commerce, net revenues hit $1.7 billion, up 22.3% in dollar terms, in the period. The company also said the Gross merchandise volume (GMV) - a key metric in the e-commerce industry - was up 34.7% in constant currency (20.8% in dollars) to hit $9.6 billion. In the fourth-quarter last year, the company posted a net loss of $46.1 million. Reporting by Andre Romani; Writing by Carolina Pulice; Edited by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.
☆ MercadoLibre in talks with WhatsApp on business messaging payments -CFO
  + stars: | 2022-12-07 | by ( Jorgelina Do Rosario | ) www.reuters.com   time to read: +3 min
Facebook owner Meta said last month that it will launch a payments tool in Latin America's largest economy, allowing WhatsApp users to message and buy from a business directly in the chat. "We are in the test phase as one of the partners that processes payments in Brazil," Pedro Arnt told Reuters in an interview. The payments tool in Brazil would allow WhatsApp users to find a company's account through a directory service and make in-app transactions with credit or debit cards. "This could be an opportunity for us to leverage WhatsApp efficiently to generate more sales and better customer contacts," Arnt added. He did not say how advanced the test phase is nor indicate the potential revenue generation for its financial arm Mercado Pago.
☆ Latam's MercadoLibre's net profit rises 36%, fueled by fintech
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +2 min
SAO PAULO, Nov 3 (Reuters) - South American e-commerce giant MercadoLibre Inc (MELI.O) on Thursday reported a third-quarter net income up 36% from a year earlier, as it nearly doubled its fintech revenues, helping offset a relative slowdown in online shopping. The Argentina-based company, which operates in countries across Latin America, posted a quarterly net income of $129 million. The company's loan portfolio meanwhile reached $2.8 billion in the quarter, up 4% from the previous quarter, as it expanded its credit business. Over the quarter MercadoLibre said it added 4 million new users, bringing its active use base up 12% to 88 million. This helped net revenues leap 61% in constant currency (45% in dollars) to reach $2.7 billion - in line with Refinitiv estimates.
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