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   E-commerce firm Mercado Libre benefits from a surge of online shopping in Latam — MercoPress
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South Atlantic News Agency</h1> </a><div class=right-info><p class=lang>MercoPress, en <a href=https://es.mercopress.com/> Español </a><p class=date>Montevideo, <a title="Browse all articles for December 2020"href=/2020/12> December </a> <a title="Browse all articles for December 11th 2020"href=/2020/12/11> 11th </a> <a title="Browse all articles for 2020"href=/2020> 2020 </a> - 20:13 UTC</div></header><script>var ID_ITEM = '78767';</script><section class=news-header><div class=cnt><ul><li class=first><a href=https://en.mercopress.com/2020/12/07/despite-political-turmoil-peru-joins-the-group-of-countries-issuing-debt-maturing-in-100-years> <figure><img alt="Peru launched the sale of US$ 1bn of century bonds, in addition to US$ 2bn of notes set to mature in 2060 and another US$ 1bn of 12-year bonds"src=/data/cache/noticias/79242/130x80/peru-bonus.jpg width=130></figure> Despite political turmoil, Peru joins the group of countries issuing debt maturing in 100 years </a><li><a href=https://en.mercopress.com/2020/12/11/indigenous-communities-stall-ecuador-s-most-ambitious-copper-mining-project> <figure><img alt="Many view the US$ 3 billion project bankrolled by China's ExplorCobres S.A. as emblematic of the turmoil impeding Ecuador's push to become a mining power."src=/data/cache/noticias/79331/130x80/ecuador.jpg width=130></figure> Indigenous communities stall Ecuador's most ambitious copper mining project </a><li><a href=https://en.mercopress.com/2020/12/11/boris-johnson-assures-he-will-raise-the-falklands-issue-at-the-eu> <figure><img alt="The issue comes on top of the negotiations that the Prime Minister is conducting with Brussels in his willingness to go the “extra mile” for a Brexit trade agreement with the EU"src=/data/cache/noticias/79318/130x80/boris.jpg width=130></figure> Boris Johnson assures he will raise the Falklands' issue at the EU </a></ul></div></section><section class=content-page><center> <script async src=https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script>  <ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-slot=8402237072 style=display:inline-block;width:900px;height:90px> </ins> <script>(adsbygoogle = window.adsbygoogle || []).push({});</script> <p> </p> </center><p> <div class=cnt><h2 class=title>E-commerce firm Mercado Libre benefits from a surge of online shopping in Latam</h2><div class=content-data><span> Friday, <a title="Browse all articles for November 2020"href=/2020/11> November </a> <a title="Browse all articles for November 6th 2020"href=/2020/11/06> 6th </a> <a title="Browse all articles for 2020"href=/2020> 2020 </a> - 08:55 UTC </span><div class=tabs><span class=article-button> Full article </span></div></div><div class=social-links><a class=google-button href=https://plus.google.com/share?url=https://en.mercopress.com/2020/11/06/e-commerce-firm-mercado-libre-benefits-from-a-surge-of-online-shopping-in-latam target=_blank> </a><a href="https://www.linkedin.com/shareArticle?mini=true&url=https://en.mercopress.com/2020/11/06/e-commerce-firm-mercado-libre-benefits-from-a-surge-of-online-shopping-in-latam&title=E-commerce firm Mercado Libre benefits from a surge of online shopping in Latam&summary=Mercado Libre Inc, Latin America's top e-commerce firm, reported better-than-expected third-quarter revenue and profit on Wednesday, helped by a surge in online shopping and digital payment transactions during the COVID-19 pandemic."class=linkedin-button target=_blank> </a><a class=twitter-button href=http://twitter.com/home?status=https://en.mercopress.com/2020/11/06/e-commerce-firm-mercado-libre-benefits-from-a-surge-of-online-shopping-in-latam target=_blank> </a><a class=facebook-button href=http://www.facebook.com/sharer.php?u=https://en.mercopress.com/2020/11/06/e-commerce-firm-mercado-libre-benefits-from-a-surge-of-online-shopping-in-latam target=_blank> </a></div><div class="banner gadds articleTop"><script async src=https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script><ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-slot=1536294251 style=display:inline-block;width:728px;height:90px> </ins><script>(adsbygoogle = window.adsbygoogle || []).push({});</script></div><figure><a title="Mercado Libre has pinned its hopes on the coronavirus-fueled shift to online retail and user growth for its digital financial services in Latin America"class=gallery href=/data/cache/noticias/78767/0x0/ml.jpg> <img alt="Mercado Libre has pinned its hopes on the coronavirus-fueled shift to online retail and user growth for its digital financial services in Latin America"src=/data/cache/noticias/78767/760x480/ml.jpg> </a><span> Mercado Libre has pinned its hopes on the coronavirus-fueled shift to online retail and user growth for its digital financial services in Latin America </span></figure><p>Mercado Libre Inc, Latin America's top e-commerce firm, reported better-than-expected third-quarter revenue and profit on Wednesday, helped by a surge in online shopping and digital payment transactions during the COVID-19 pandemic.<p>The company’s U.S.-listed shares, which have surged over two-fold this year, were up nearly 3% in extended trading.<p>The company, whose market capitalization has doubled this year to $61.3 billion, has pinned its hopes on the coronavirus-fueled shift to online retail and user growth for its digital financial services in Latin America, where half of the population lacks bank accounts.<p>The company said its unique active users nearly doubled to 76.1 million and payments transaction on the platform of Mercado Pago, the finance arm of Mercado Libre, surged about 147% to 559.7 million in the third quarter.<p>Mercado Libre reported net income of $15 million, or 28 cents per share, for the quarter ended Sept. 30, compared with a net loss of $146.1 million, or $2.96 per share, a year earlier.<p>Analysts on average had expected a profit of 17 cents per share, according to IBES data from Refinitiv. Revenue rose 85% to $1.12 billion in the quarter, much above analysts’ average estimate of $972.31 million.<div class="banner gadds articleBottom"><script async src=//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script><ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-format=auto data-ad-slot=8141231059 style=display:block> </ins><script>(adsbygoogle = window.adsbygoogle || []).push({});</script><center> <script async src=//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script> <ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-format=autorelaxed data-ad-slot=9817360716 style=display:block> </ins> <script>(adsbygoogle = window.adsbygoogle || []).push({});</script> <script async src=//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script>  <ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-format=auto data-ad-slot=7921515023 data-full-width-responsive=true style=display:block> </ins> <script>(adsbygoogle = window.adsbygoogle || []).push({});</script> </center></div><div class=categories><span> <strong> Categories: </strong> <a href=/economy> Economy </a> , <a href=/investments> Investments </a> , <a href=/politics> Politics </a> , <a href=/latin-america> Latin America </a> . </span></div><div><div class=tags><span> <strong> Tags: </strong> <a href=/tags/covid-19> COVID-19 </a> , <a href=/tags/mercado-libre> Mercado Libre </a> , <a href=/tags/online-shopping> Online shopping </a> . </span></div></div><div class=comments-section id=comments><header><h3 class=title>Top Comments</h3><a href=javascript:popup(commentsRules,'','fast',true,'#close-popup',460);> Disclaimer & comment rules </a></header><p>Commenting for this story is now closed. <br> If you have a Facebook account, become a fan and comment on our <strong> <a href=http://www.facebook.com/pages/MercoPress-South-Atlantic-News-Agency/139220750082> Facebook Page </a> </strong> !</div></div><div class=sidebar><script async src=//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script><ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-slot=9191824818 style=display:inline-block;width:320px;height:100px> </ins><script>(adsbygoogle = window.adsbygoogle || []).push({});</script><p> <ul class=follow-us><script data-dojo-config="usePlainJson: true, isDebug: false"src=//downloads.mailchimp.com/js/signup-forms/popup/unique-methods/embed.js></script><script>window.dojoRequire(["mojo/signup-forms/Loader"], function(L) { L.start({"baseUrl":"mc.us15.list-manage.com","uuid":"b34fc19565217f80c01a745f5","lid":"f95ead9f0a","uniqueMethods":true}) })</script><li class=fb><a href=https://www.facebook.com/MercoPress/ target=_blank> Follow us on Facebook </a><li class=tw><a href=https://twitter.com/mercopressnews target=_blank> Follow us on Twitter </a><li class=newsletterSide><form action=/newsletter/daily.html id=frmSuscribe method=post><p><span> Get our news on your inbox! </span> <input name=email placeholder=Email required type=email> <button class="btn01 suscribe-button">Suscribe</button></form></ul><span class=banner> <a onclick="pageTracker._trackEvent('Banner', 'Click', 'Falkland Islands Tourism Board');"href=http://www.falklandislands.com rel=nofollow> <img alt=Advertisement height=175 src=/data/publicidad/63/fitb-logo.png width=300> </a> </span><p> <div class="banner gadds"><script async src=//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script><ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-format=auto data-ad-slot=6664497850 style=display:block> </ins><script>(adsbygoogle = window.adsbygoogle || []).push({});</script><p> </p><script async src=https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js></script><ins class=adsbygoogle data-ad-client=ca-pub-0810421337684776 data-ad-format=auto data-ad-slot=6390149034 data-full-width-responsive=true style=display:block> </ins><script>(adsbygoogle = window.adsbygoogle || []).push({});</script></div></div></section><footer><div class=cnt><nav><ul><li><a href=/about-mercopress> About MercoPress. </a><li class=separator>|<li><a href=/feeds> RSS Feeds </a><li class=separator>|<li><a href=/contact> Contact us </a><li class=separator>|<li><a href=/advertise> Advertise </a></ul></nav><span class=legal> © Copyright 1997 - 2019, MercoPress. </span></div></footer></div><script src=https://code.jquery.com/jquery-2.2.0.min.js></script><script src=/web/cache/js/scripts-en.js?v=06></script><div id=fb-root></div><script src=//connect.facebook.net/en_US/all.js></script><script>FB.init({appId: '117948204895650', status: true, cookie: true, xfbml: true});
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