| Previous close | 1,273.59 |
| Open | 1,288.88 |
| Bid | 1,284.15 x 1000 |
| Ask | 1,284.30 x 1100 |
| Day's range | 1,269.35 - 1,289.00 |
| 52-week range | 422.22 - 1,378.50 |
| Volume | 202,931 |
| Avg. volume | 526,935 |
| Market cap | 63.857B |
| Beta (5Y monthly) | 1.56 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 28 Dec 2017 |
| 1y target est | N/A |
- GlobeNewswire
MercadoLibre, Inc. to Report Third Quarter 2020 Financial Results
BUENOS AIRES, Argentina, Oct. 28, 2020 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its third fiscal quarter ended September 30th, 2020 on November 4th, 2020. The Company will host a conference call and audio webcast on November 4th, at 4:30 p.m. Eastern Time.The conference call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID –7335777–) and requesting inclusion in the call for Mercado Libre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call.About MercadoLibreMercadoLibre hosts the largest online commerce and payments ecosystem in Latin America. Our efforts are centered on enabling e-commerce and digital and mobile payments on behalf of its customers by delivering a suite of technology solutions across the complete value chain of commerce. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Venezuela and Peru. Based on unique visitors and page views we are market leaders in each of the major countries were we are present.Through its online commerce platform and related services, MercadoLibre provides its users with robust online commerce and payments tools that not only contribute to the development of a large and growing e-commerce community in Latin America (a region with a population of over 605 million people and one of the fastest-growing Internet penetration rates in the world), but also foster entrepreneurship and social mobility. Its main focus is to deliver compelling technological and commercial solutions that address the distinctive cultural and geographic challenges of operating an online commerce and payments platform in Latin America. For more information about MercadoLibre.com, visit: http://investor.mercadolibre.comInvestor Relations Contact: investor@mercadolibre.com http://investor.mercadolibre.comMedia Relations Contact. valeria.bazzi@mercadolibre.com
- GlobeNewswire
MercadoLibre, Inc. Reports Second Quarter 2020 Financial Results
Net Revenues of $878.4 million, up 123.4% year-over-year on an FX neutral basis $11.2 billion Total Payment Volume, up 142.1% year-over-year on an FX neutral basis $5.0 billion Gross Merchandise Volume, up 101.5% year-over-year on an FX neutral basisBUENOS AIRES, Argentina, Aug. 10, 2020 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce technology company, today reported financial results for the quarter ended June 30, 2020.Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, “The pandemic generated significant changes in consumer behavior, which translated into a new milestone in the penetration of e-commerce and online payments in the region. We continue to focus on the wellbeing of our teams, and we are proud to report that we’ve been able to provide an uninterrupted operation of our commerce and fintech solutions throughout the second quarter, helping millions of merchants and buyers to safely transact.”Second Quarter 2020 Business Highlights * Unique active users grew 45.2% reaching 51.5 million. * Gross merchandise volume (“GMV”) reached $5.0 billion, representing an increase of 48.5% in USD and 101.5% on an FX neutral basis. * Items sold reached 178.5 million, growing 101.4% year-over-year. * Live listings offered on MercadoLibre’s marketplace reached 289.0 million, a 26.2% year-over-year growth. * Mobile gross merchandise volume grew 272.8% year-over-year on an FX neutral basis, reaching 69.4% of GMV. * Even through these trying times and surge in managed volumes, Mercado Envios was able to ship 157.5 million items during the quarter without any significant disruptions, representing a 124.2% year-over-year increase. * Total payment volume (“TPV”) through Mercado Pago reached $11.2 billion, a year-over-year increase of 72.1% in USD and 142.1% on an FX neutral basis. Total payment transactions increased 122.9% year-over-year, totaling 404.8 million transactions for the quarter. * Off-platform TPV grew 92.1% in USD and 174.7% year-over-year on a FX neutral basis reaching $6.1 billion in transactions and 280.7 million payments, a 133.7% year-over-year growth. * Merchant Services had a strong performance, aided by the shift to e-commerce consumption, accelerating sequentially to 163.9% on an FX neutral basis. * Mobile wallet delivered $2.1 billion in transactions on a consolidated basis, leading to also 373.2% year-over-year growth on an FX neutral basis. Our mobile wallet consumer base grew by 109.3% compared to the second quarter of 2019, reaching 9.5 million unique payers. TPV from mobile wallet in Argentina, Brazil and Mexico continues to grow by triple digits year-over-year. * Our asset management product, Mercado Fondo already has more than $500 million under management and almost 11.4 million users across Latin America. * On a consolidated basis MPOS TPV grew 80.1% on an FX neutral basis, decelerating sequentially around 20%, mainly due to lower foot traffic as a consequence of partial or total lockdowns throughout the region. The resilience that our MPOS business showed during the quarter is a result of the long tail base of merchants we cater to plus a relevant share of merchants who continued to operate their business with lesser disruptions throughout the lockdowns. * The pace of sales of devices reached a milestone this quarter, surpassing the 1 million mark of new MPOS sold throughout Latin America. * PayPal is now available for cross-border transactions on Mercado Libre in Brazil and Mexico and is also available as a payment option within Mercado Pago’s online checkout for foreign shoppers.Second Quarter 2020 Financial Highlights * Net revenues for the second quarter were $878.4 million, a year-over-year increase of 61.1% in USD and 123.4% on an FX neutral basis. * Commerce revenues increased 79.5% year-over-year in USD reaching $581.7 million, while Fintech revenues increased 34.1% year-over-year in USD reaching $296.7 million. * Gross profit was $427.2 million with a margin of 48.6%, compared to 50.0% in the second quarter of 2019. * Total operating expenses were $327.7 million, an increase of 15.0% year-over-year in USD. As a percentage of revenues, operating expenses were 37.3%, compared to 52.3% during the second quarter of 2019. The $14.8 million improvement in operating expenses quarter-over-quarter was mostly driven by marketing expenditure efficiencies. * During the quarter we recorded an allowance for doubtful accounts on receivables from a Mercado Pago collection agent, for $26.7 million. Upon review we realized that collection efforts for these receivables had not been carried out effectively, and that the ageing of these receivables exceeded what our internal control policies allow. We assessed the impact of this matter on the effectiveness of our internal controls, and have included the results of that assessment in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. * Income from operations was $99.4 million, compared to a loss of $29.7 million during the prior quarter. As a percentage of revenues, income from operations reached 11.3%. * Interest income was $18.8 million, a 44.2% decreased year-over-year, as a result of lower interest rates in our investment as a consequence of the pandemic. * The Company incurred $27.0 million in financial expenses this quarter, mainly attributable to financial loans entered into during the second quarter of 2020, mainly in Brazil and Argentina and interest expenses from our trusts related to our factoring business and the 2028 Convertible Note. * Net income before taxes was $89.3 million, up from a loss of $16.7 million during last quarter. * Income tax expense was $33.4 million, mainly as a result of higher income tax expense in Brazil, as a consequence of higher pre-tax gain in our Brazilian segment during 2020; valuation allowances on certain deferred tax assets in Mexico accounted for in the first half of 2020 and higher income tax expense in Argentina as a consequence of the temporary suspension of the knowledge-based economy promotional regime in 2020, which had a direct impact on the income tax rate for our Argentine business. * Net income was $55.9 million, resulting in net earnings per share of $1.11. The following table summarizes certain key performance metrics for the six and three-months periods ended June 30, 2020 and 2019. Six-month Periods Ended June 30, Three-month Periods Ended June 30, (in millions) 2020 2019 20202019 Unique active users 65.5 47.6 51.5 35.5 Number of confirmed new registered users during period 29.9 24.7 16.9 12.4 Gross merchandise volume $ 8,459.0 $ 6,485.5 $ 5,044.8 $ 3,397.7 Number of successful items sold 284.2 171.4 178.5 88.7 Number of successful items shipped 247.7 132.6 157.5 70.2 Total payment volume $ 19,308.8 $ 12,156.5 $ 11,214.3 $ 6,517.4 Total volume of payments on marketplace $ 7,966.5 $ 6,016.1 $ 4,763.2 $ 3,120.0 Total payment transactions 695.5 325.6 404.8 181.6 Capital expenditures $ 101.9 $ 71.4 $ 48.4 $ 38.4 Depreciation and amortization $ 44.2 $ 33.0 $ 22.7 $ 17.3 (*) Figures have been calculated using rounded amounts. Growth calculations based on this table may not total due to rounding.Year-over-year USD Revenue Growth Rates by Quarter Consolidated Net Revenues Q2’19 Q3’19 Q4’19 Q1’20 Q2’20 Brazil 74% 77%61%31%37% Argentina 14% 39%46%42%110% Mexico 267% 146%86%74%96% Year-over-year Local Currency Revenue Growth Rates by Quarter Consolidated Net Revenues Q2’19 Q3’19 Q4’19 Q1’20 Q2’20 Brazil 89% 77%74%55%87% Argentina 115% 119%133%123%224% Mexico 261% 153%80%81%138% Conference Call and WebcastThe Company will host a conference call and audio webcast on August 10th, 2020 at 9:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID –2688761–) and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call. Definition of Selected Operational MetricsUnique Active User – New or existing user who performed at least one of the following actions during the reported period: (1) made one purchase, or reservation, or asked one question on MercadoLibre Marketplace or Classified Marketplace (2) maintained an active listing on MercadoLibre Marketplace or Classified Marketplace (3) maintained an active account in Mercado Shops (4) made a payment, money transfer, collection and/or advance using Mercado Pago (5) maintained an outstanding credit line through Mercado Credito or (6) maintained a balance of more than $5 invested in a Mercado Fondo asset management account.Foreign Exchange (“FX”) Neutral – Calculated by using the average monthly exchange rate of each month of 2019 and applying it to the corresponding months in the current year, so as to calculate what the results would have been had exchange rates remained constant. Intercompany allocations are excluded from this calculation. These calculations do not include any other macroeconomic effect such as local currency inflation effects or any price adjustment to compensate local currency inflation or devaluations.Gross merchandise volume – Measure of the total U.S. dollar sum of all transactions completed through the Mercado Libre Marketplace, excluding Classifieds transactions.Total payment transactions – Measure of the number of all transactions paid for using Mercado Pago.Total volume of payments on marketplace - Measure of the total U.S. dollar sum of all marketplace transactions paid for using Mercado Pago, excluding shipping and financing fees.Total payment volume– Measure of total U.S. dollar sum of all transactions paid for using Mercado Pago, including marketplace and non-marketplace transactions.Commerce - Revenues from core marketplace fees, shipping fees (net out of shipping subsidies), ad sales, classified fees and other ancillary servicesFintech - Revenues includes fees from payments revenue streamItems sold – Measure of the number of items that were sold/purchased through the Mercado Libre Marketplace, excluding Classifieds items.Items shipped – Measure of the number of items that were shipped through our shipping service.Local Currency Growth Rates – Refer to FX Neutral definition.Net income margin – Defined as net income as a percentage of net revenues.New confirmed registered users – Measure of the number of new users who have registered on the Mercado Libre Marketplace and confirmed their registration, excluding Classifieds users.Operating margin – Defined as income from operations as a percentage of net revenues.About MercadoLibreFounded in 1999, MercadoLibre is the largest online commerce ecosystem in Latin America, serving as an integrated regional platform and as a provider of the necessary online and technology-based tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform (including online classifieds for motor vehicles, services and real estate), which allows users to buy and sell in most of Latin America.The Company is listed on NASDAQ (Nasdaq: MELI) following its initial public offering in 2007.For more information about the Company visit: http://investor.mercadolibre.com.The MercadoLibre, Inc. logo is available at https://resource.globenewswire.com/Resource/Download/6ab227b7-693f-4b17-b80c-552ae45c76bf?size=0Forward-Looking StatementsAny statements herein regarding MercadoLibre, Inc. that are not historical or current facts are forward-looking statements. These forward-looking statements convey MercadoLibre, Inc.’s current expectations or forecasts of future events. Forward-looking statements regarding MercadoLibre, Inc. involve known and unknown risks, uncertainties and other factors that may cause MercadoLibre, Inc.’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” “Forward-Looking Statements” and “Cautionary Note Regarding Forward-Looking Statements” sections of MercadoLibre, Inc.’s annual report on Form 10-K for the year ended December 31, 2019, “Item 1A-Risk Factors” in Part II of our Form 10-Q for the quarter ended March 31, 2020, and any of MercadoLibre, Inc.’s other applicable filings with the Securities and Exchange Commission. Unless required by law, MercadoLibre, Inc. undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof. MercadoLibre, Inc. Interim Condensed Consolidated Balance Sheets (In thousands of U.S. dollars, except par value) June 30, December 31, 2020 2019 Assets Current assets: Cash and cash equivalents$ 1,169,550 $ 1,384,740 Restricted cash and cash equivalents 493,808 66,684 Short-term investments (530,660 and 522,798 held in guarantee) 2,124,872 1,597,241 Accounts receivable, net 42,423 35,446 Credit cards receivable and other means of payment, net 646,739 379,969 Loans receivable, net 139,148 182,105 Prepaid expenses 23,141 45,309 Inventory 20,831 8,626 Other assets 94,042 88,736 Total current assets 4,754,554 3,788,856 Non-current assets: Long-term investments 5,790 263,983 Loans receivable, net 5,055 6,439 Property and equipment, net 263,041 244,257 Operating lease right-of-use assets 186,851 200,449 Goodwill 81,799 87,609 Intangible assets, net 15,942 14,275 Deferred tax assets 93,897 117,582 Other assets 45,807 58,241 Total non-current assets 698,182 992,835 Total assets$ 5,452,736 $ 4,781,691 Liabilities Current liabilities: Accounts payable and accrued expenses$ 417,759 $ 372,309 Funds payable to customers 1,324,605 894,057 Salaries and social security payable 114,944 101,841 Taxes payable 141,226 60,247 Loans payable and other financial liabilities 591,683 186,138 Operating lease liabilities 25,113 23,259 Other liabilities 44,449 114,469 Total current liabilities 2,659,779 1,752,320 Non-current liabilities: Salaries and social security payable 25,279 26,803 Loans payable and other financial liabilities 610,899 631,353 Operating lease liabilities 168,589 176,673 Deferred tax liabilities 65,273 99,952 Other liabilities 15,825 12,627 Total non-current liabilities 885,865 947,408 Total liabilities$ 3,545,644 $ 2,699,728 Commitments and Contingencies Redeemable convertible preferred stock, $0.001 par value, 40,000,000 shares authorized, 100,000 shares issued and outstanding at June 30, 2020 and December 31, 2019$ 98,843 $ 98,843 Equity Common stock, $0.001 par value, 110,000,000 shares authorized, 49,709,955 shares issued and outstanding at June 30, 2020 and December 31, 2019$ 50 $ 50 Additional paid-in capital 1,964,140 2,067,869 Treasury stock (1,440) (720) Retained earnings 350,860 322,592 Accumulated other comprehensive loss (505,361) (406,671) Total Equity 1,808,249 1,983,120 Total Liabilities, Redeemable convertible preferred stock and Equity$ 5,452,736 $ 4,781,691 MercadoLibre, Inc. Interim Condensed Consolidated Statements of Income For the six and three month periods ended June 30, 2020 and 2019 (In thousands of U.S. dollars, except for share data) Six Months Ended June 30, Three Months Ended June 30, 2020 2019 2020 2019 Net revenues $ 1,530,460 $ 1,019,012 $ 878,369 $ 545,242 Cost of net revenues (790,474) (509,578) (451,197) (272,812) Gross profit 739,986 509,434 427,172 272,430 Operating expenses: Product and technology development (146,689) (106,292) (73,254) (53,923) Sales and marketing (390,583) (311,368) (184,076) (180,692) General and administrative (132,970) (94,123) (70,404) (50,303) Total operating expenses (670,242) (511,783) (327,734) (284,918) Income (loss) from operations 69,744 (2,349) 99,438 (12,488) Other income (expenses): Interest income and other financial gains 55,566 58,128 18,782 33,684 Interest expense and other financial losses (50,561) (30,238) (26,977) (14,679) Foreign currency (losses) gains (2,089) (2,886) (1,903) 783 Net income before income tax (expense) gain 72,660 22,655 89,340 7,300 Income tax (expense) gain (37,822) 5,426 (33,393) 8,917 Net income $ 34,838 $ 28,081 $ 55,947 $ 16,217 Six Months Ended June 30, Three Months Ended June 30, 2020 2019 2020 2019 Basic EPS Basic net income Available to shareholders per common share $ 0.66 $ 0.45 $ 1.11 $ 0.31 Weighted average of outstanding common shares 49,709,964 47,658,610 49,709,973 49,318,522 Diluted EPS Diluted net income Available to shareholders per common share $ 0.66 $ 0.45 $ 1.11 $ 0.31 Weighted average of outstanding common shares 49,709,964 47,658,610 49,709,973 49,318,522 MercadoLibre, Inc. Interim Condensed Consolidated Statements of Cash Flows For the six months period ended June 30, 2020 and 2019 Six Months Ended June 30, 2020 2019 Cash flows from operations: Net income $ 34,838 $ 28,081 Adjustments to reconcile net income to net cash provided by operating activities: Unrealized devaluation loss, net 29,348 13,366 Depreciation and amortization 44,202 32,975 Accrued interest (28,933) (24,684) Non cash interest, convertible notes amortization of debt discount and amortization of debt issuance costs and other charges 75,568 11,140 Financial results on derivative instruments (21,826) (69) Stock-based compensation expense — restricted shares 366 — LTRP accrued compensation 51,907 32,208 Deferred income taxes (31,145) (34,743) Changes in assets and liabilities: Accounts receivable 23,147 (6,900) Credit cards receivable and other means of payment (343,229) (61,562) Prepaid expenses 20,807 8,857 Inventory (14,270) (1,191) Other assets (6,965) (12,651) Payables and accrued expenses 170,100 41,798 Funds payable to customers 606,307 118,421 Other liabilities (73,134) 3,587 Interest received from investments 27,597 17,292 Net cash provided by operating activities 564,685 165,925 Cash flows from investing activities: Purchase of investments (2,326,013) (2,332,544) Proceeds from sale and maturity of investments 1,910,311 1,086,461 Receipts from settlements of derivative instruments 8,624 — Payment for acquired businesses, net of cash acquired (6,937) — Purchases of intangible assets (87) (34) Changes in principal of loans receivable, net (39,092) (97,468) Purchases of property and equipment (94,834) (71,361) Net cash used in investing activities (548,028) (1,414,946) Cash flows from financing activities: Proceeds from loans payable and other financial liabilities 1,781,040 95,603 Payments on loans payable and other financing liabilities (1,353,658) (55,236) Payment of finance lease obligations (1,064) (889) Purchase of convertible note capped call (104,095) (88,362) Dividends paid of preferred stock (2,000) (844) Common Stock repurchased (720) — Proceeds from issuance of convertible redeemable preferred stock, net — 98,688 Proceeds from issuance of common stock, net — 1,867,215 Net cash provided by financing activities 319,503 1,916,175 Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents (124,226) (3,527) Net increase in cash, cash equivalents, restricted cash and cash equivalents 211,934 663,627 Cash, cash equivalents, restricted cash and cash equivalents, beginning of the period $ 1,451,424 $ 464,695 Cash, cash equivalents, restricted cash and cash equivalents, end of the period $ 1,663,358 $ 1,128,322 Financial results of reporting segments Three Months Ended June 30, 2020 Brazil Argentina Mexico Other Countries Total (In thousands) Net revenues $ 465,298 $ 239,204 $ 125,950 $ 47,917 $ 878,369 Direct costs (324,754) (171,408) (110,553) (34,943) (641,658) Direct contribution 140,544 67,796 15,397 12,974 236,711 Operating expenses and indirect costs of net revenues (137,273) Income from operations 99,438 Other income (expenses): Interest income and other financial gains 18,782 Interest expense and other financial losses (26,977) Foreign currency losses (1,903) Net income before income tax expense $ 89,340 Three-months Ended June 30, 2019 Brazil Argentina Mexico Other Countries Total (In thousands) Net revenues $ 340,858 $ 113,913 $ 64,383 $ 26,088 $ 545,242 Direct costs (275,917) (83,909) (85,216) (24,441) (469,483) Direct contribution 64,941 30,004 (20,833) 1,647 75,759 Operating expenses and indirect costs of net revenues (88,247) Loss from operations (12,488) Other income (expenses): Interest income and other financial gains 33,684 Interest expense and other financial losses (14,679) Foreign currency gains 783 Net income before income tax expense $ 7,300 Non-GAAP Financial MeasuresTo supplement our consolidated financial statements presented in accordance with U.S. GAAP, we use foreign exchange (“FX”) neutral measures.This non-GAAP measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP and may be different from non-GAAP measures used by other companies. In addition, this non-GAAP measure is not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with U.S. GAAP. This non-GAAP financial measure should only be used to evaluate our results of operations in conjunction with the most comparable U.S. GAAP financial measures.Reconciliation of this non-GAAP financial measure to the most comparable U.S. GAAP financial measures can be found in the tables included in this quarterly report.The Company believes that reconciliation of FX neutral measures to the most directly comparable GAAP measure provides investors an overall understanding of our current financial performance and its prospects for the future. Specifically, we believe this non-GAAP measure provide useful information to both management and investors by excluding the foreign currency exchange rate impact that may not be indicative of our core operating results and business outlook.The FX neutral measures were calculated by using the average monthly exchange rates for each month during 2019 and applying them to the corresponding months in 2020, so as to calculate what our results would have been had exchange rates remained stable from one year to the next. The table below excludes intercompany allocation FX effects. Finally, this measure does not include any other macroeconomic effect such as local currency inflation effects, the impact on impairment calculations or any price adjustment to compensate local currency inflation or devaluations.The following table sets forth the FX neutral measures related to our reported results of the operations for the three-months period ended June 30, 2020: Three-month Periods Ended June 30, (*) As reported FX Neutral Measures As reported (In millions, except percentages) 2020 2019 Percentage Change 2020 2019 Percentage Change (Unaudited) (Unaudited) Net revenues $ 878.4 $ 545.2 61.1% $ 1,218.3 $ 545.2 123.4% Cost of net revenues (451.2) (272.8) 65.4% (613.4) (272.8) 124.9% Gross profit 427.2 272.4 56.8% 604.9 272.4 122.0% Operating expenses (327.7) (284.9) 15.0% (446.5) (284.9) 56.7% Income (loss) from operations 99.4 (12.5) 896.4% 158.4 (12.5) 1368.5% (*) The table above may not total due to rounding.CONTACT: MercadoLibre, Inc. Investor Relations investor@mercadolibre.com http://investor.mercadolibre.com
- GlobeNewswire
MercadoLibre, Inc. Announces Change to Release Date of Second Quarter 2020 Financial Results
BUENOS AIRES, Argentina, Aug. 04, 2020 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) announces changes to release date of second quarter 2020 prior to market open on August 10th, 2020 at 9:00 a.m. Eastern Time, instead of the previously announced release date of August 6th, 2020. The conference call details remain unchanged. The call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID –2688761–) and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call.About MercadoLibre MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America. Our efforts are centered on enabling e-commerce and digital and mobile payments on behalf of its customers by delivering a suite of technology solutions across the complete value chain of commerce. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Venezuela and Peru. Based on unique visitors and page views we are market leaders in each of the major countries where we are present.Through its online commerce platform and related services, MercadoLibre provides its users with robust online commerce and payments tools that not only contribute to the development of a large and growing e-commerce community in Latin America (a region with a population of over 605 million people and one of the fastest-growing Internet penetration rates in the world), but also foster entrepreneurship and social mobility. Its main focus is to deliver compelling technological and commercial solutions that address the distinctive cultural and geographic challenges of operating an online commerce and payments platform in Latin America. For more information about MercadoLibre.com, visit: http://investor.mercadolibre.comInvestor Relations Contact: investor@mercadolibre.com http://investor.mercadolibre.com Media Relations Contact. valeria.bazzi@mercadolibre.com
