MercadoLibre profits up 79.2 percent in Q3

14 Nov 2008

MercadoLibre, the largest online commerce platform in Latin America, with divisions in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, announced Q3 2008 earnings this week. Net revenue was $40.3 million, a quarterly year over year revenue growth rate of 76.6 percent. Marketplace revenue grew 75 percent to $31.7 mil



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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.