Mercado Libre Sacrifices Short-Term Profits to Fuel Growth

Mercado Libre ’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release . That increase brought the Latin American eCommerce and FinTech’s net revenue and financial income for the quarter to $8.8 billion. Mercado Libre said in the release that its lower free shipping threshold in Brazil, which it intr