Market Summary
USD1253.23-6.18
Market Closedas of 03 Oct 2023, 09:52 am-0.49%
MELI Stock Price
MELI RSI Chart
MELI Valuation
MELI Price/Sales (Trailing)
MELI Profitability
MELI Fundamentals
MELI Revenue
MELI Earnings
Price Action
52 Week Range
754.761451.56
(Low)(High)
Last 7 days
-2.4%
Last 30 days
-11.4%
Last 90 days
5.5%
Trailing 12 Months
52.1%
MELI Financial Health
MELI Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MELI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-12 | Petroni Merhy Andrea Mayumi | acquired | - | - | 98.00 | - |
2023-06-12 | Sanders Richard A | acquired | - | - | 98.00 | - |
2023-06-12 | Dubugras Henrique Vasoncelos | acquired | - | - | 98.00 | - |
2023-06-12 | Aguzin Alejandro Nicolas | acquired | - | - | 98.00 | - |
2023-06-12 | Vazquez Mario | acquired | - | - | 98.00 | - |
2023-06-12 | Calemzuk Emiliano | acquired | - | - | 98.00 | - |
2023-06-12 | SEGAL SUSAN | acquired | - | - | 98.00 | - |
2023-03-30 | SEGAL SUSAN | acquired | - | - | 28.00 | - |
2023-03-08 | de la Serna Juan Martin | sold | -187,500 | 1,250 | -150 | executive vp corporate affairs |
2023-03-07 | de la Serna Juan Martin | sold | -189,750 | 1,265 | -150 | executive vp corporate affairs |
Which funds bought or sold MELI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | sold off | -100 | -6,590 | - | -% |
2023-09-21 | Jefferies Group LLC | added | 162 | 545,593 | 772,319 | 0.01% |
2023-09-20 | BARCLAYS PLC | reduced | -0.58 | -15,892,000 | 133,399,000 | 0.08% |
2023-09-13 | CGC Financial Services, LLC | new | - | 20,138 | 20,138 | 0.01% |
2023-09-12 | Prosperity Wealth Management, Inc. | added | 6.06 | -10,175 | 207,305 | 0.13% |
2023-09-12 | Farther Finance Advisors, LLC | added | 4.26 | -3,904 | 58,045 | 0.01% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | sold off | -100 | -212,208 | - | -% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | -267 | 2,370 | -% |
2023-09-01 | DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | reduced | -4.33 | -30,562,800 | 187,430,000 | 18.26% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 258,248 | 258,248 | 0.05% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of MercadoLibre
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital research global investors | 5.7% | 2,871,662 | SC 13G/A | |
| Feb 13, 2023 | galperin trust | 7.56% | 3,800,000 | SC 13G/A | |
| Feb 09, 2023 | morgan stanley | 5.1% | 2,563,574 | SC 13G | |
| Jan 20, 2023 | baillie gifford & co | 12.18% | 6,125,300 | SC 13G/A | |
| May 25, 2022 | galperin trust | 7.74% | 3,900,000 | SC 13G/A | |
| May 04, 2022 | baillie gifford & co | 10.03% | 5,053,193 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 9.2% | 4,641,606 | SC 13G/A | |
| Jan 26, 2022 | baillie gifford & co | 9.83% | 4,957,539 | SC 13G/A | |
| Feb 16, 2021 | capital research global investors | 5.8% | 2,885,754 | SC 13G/A | |
| Feb 03, 2021 | galperin trust | 7.8% | 3,900,000 | SC 13G/A |
Recent SEC filings of MercadoLibre
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 8-K | Current Report | |
| Aug 18, 2023 | 3 | Insider Trading | |
| Aug 10, 2023 | 8-K | Current Report | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Aug 02, 2023 | 8-K | Current Report |
MELI Fair Value
Loading...
Peers (Alternatives to MercadoLibre)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMZN | 1.3T | 538.0B | -6.27% | 14.57% | 102.14 | 2.48 | 10.73% | 12.62% |
BKNG | 113.5B | 19.3B | -0.68% | 88.28% | 25.46 | 5.87 | 32.06% | 188.67% |
MELI | 63.1B | 12.1B | -11.41% | 52.14% | 83.34 | 5.19 | 37.48% | 219.41% |
EBAY | 23.2B | 9.9B | -3.44% | 18.31% | 17.31 | 2.34 | -0.79% | 271.47% |
ETSY | 8.0B | 2.7B | -13.38% | -35.43% | -11.11 | 2.98 | 9.87% | -816.12% |
| MID-CAP | ||||||||
SSTK | 1.4B | 845.9M | -9.16% | -22.58% | 12.22 | 1.63 | 4.93% | 43.09% |
| SMALL-CAP | ||||||||
RVLV | 1.0B | 1.1B | -6.60% | -36.05% | 24.65 | 0.94 | 2.25% | -51.31% |
MGNI | 1.0B | 603.9M | -13.52% | 12.94% | -4.35 | 1.68 | 10.00% | -149.85% |
LQDT | 648.6M | 309.7M | 0.39% | 10.46% | 28.15 | 2.09 | 12.55% | -64.40% |
GRPN | 491.8M | 543.3M | 33.81% | 97.86% | -3.21 | 0.91 | -26.97% | -724.68% |
QUOT | 395.5M | 266.0M | 0.50% | 124.16% | -9.78 | 1.49 | -38.13% | 52.24% |
SFIX | 390.2M | 1.6B | -22.30% | -14.43% | -2.27 | 0.24 | -20.96% | 16.97% |
RMBL | 92.7M | 1.5B | -25.92% | -66.73% | -0.29 | 0.06 | 0.49% | -1580.40% |
MercadoLibre News
Returns for MELI
Cumulative Returns on MELI
24.8%
10-Year Cumulative Returns
31.5%
7-Year Cumulative Returns
28.9%
5-Year Cumulative Returns
5.3%
3-Year Cumulative Returns
Risks for MELI
What is the probability of a big loss on MELI?
96.2%
Probability that MercadoLibre stock will be more than 20% underwater in next one year
70.4%
Probability that MercadoLibre stock will be more than 30% underwater in next one year.
27.3%
Probability that MercadoLibre stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MELI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if MercadoLibre was unfortunately bought at previous high price.
Drawdowns
Financials for MercadoLibre
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 7.2% | 12,144 | 11,326 | 10,537 | 9,665 | 8,833 | 7,939 | 7,069 | 6,267 | 5,525 | 4,700 | 3,974 | 3,320 | 2,807 | 2,475 | 2,296 | 2,050 | 1,802 | 1,592 | 1,440 | 1,370 | 1,319 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 821 | 743 | 674 | 618 |
| Gross Profit | 7.7% | 6,062 | 5,626 | 5,163 | 4,558 | 4,017 | 3,487 | 3,005 | 2,641 | 2,314 | 1,987 | 1,709 | 1,528 | 1,333 | 1,178 | 1,102 | 999 | 884 | 771 | 697 | 696 | 702 |
| Operating Expenses | 2.9% | 4,519 | 4,391 | 4,129 | 3,849 | 3,444 | 2,998 | 2,564 | 2,249 | 1,999 | 1,738 | 1,581 | 1,445 | 1,414 | 1,371 | 1,255 | 1,084 | 898 | 801 | 766 | 829 | 796 |
| S&GA Expenses | 6.3% | 1,479 | 1,392 | 1,296 | 1,253 | 1,201 | 1,156 | 1,074 | 968 | 916 | 849 | 768 | 890 | 913 | 910 | 834 | 704 | 562 | 502 | 482 | 460 | 434 |
| R&D Expenses | 8.5% | 1,352 | 1,246 | 1,099 | 953 | 813 | 698 | 590 | 529 | 479 | 406 | 353 | 294 | 264 | 245 | 224 | 205 | 181 | 160 | 146 | 143 | 144 |
| EBITDA | -100.0% | - | 1,681 | 1,430 | - | 670 | 650 | 502 | - | - | 283 | 240 | 196 | 68.00 | -19.58 | 7.00 | 33.00 | 77.00 | 45.00 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.15* | 0.14* | - | 0.08* | 0.08* | 0.07* | - | - | 0.06* | 0.06* | 0.06* | 0.02* | -0.01* | 0.00* | 0.02* | 0.04* | 0.03* | - | - | - |
| Interest Expenses | - | - | - | 247 | - | - | - | 58.00 | - | - | - | 54.00 | - | - | - | 41.00 | - | - | - | 20.00 | - | - |
| Earnings Before Taxes | 31.2% | 1,298 | 989 | 780 | 439 | 367 | 342 | 241 | 230 | 156 | 108 | 81.00 | 62.00 | -57.24 | -139 | -107 | -51.10 | 2.00 | -24.74 | -65.45 | -123 | -72.32 |
| EBT Margin | -100.0% | - | 0.09* | 0.07* | 0.05* | 0.04* | 0.04* | 0.03* | 0.04* | 0.03* | 0.02* | 0.02* | 0.02* | -0.02* | -0.06* | -0.05* | - | - | - | - | - | - |
| Net Income | 22.5% | 757 | 618 | 482 | 271 | 237 | 182 | 83.00 | 78.00 | -2.00 | -14.00 | -1.00 | -4.00 | -165 | -204 | -172 | -120 | 16.00 | -11.80 | -36.58 | -101 | -64.22 |
| Net Income Margin | -100.0% | - | 0.05* | 0.05* | 0.03* | 0.03* | 0.02* | 0.01* | 0.01* | 0.00* | 0.00* | 0.00* | 0.00* | -0.06* | -0.08* | -0.07* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,626 | 2,486 | 1,609 | 1,094 | 400 | 392 | 9.00 | 202 | 691 | 936 | 808 | 690 | 78.00 | 314 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 7.3% | 15,243 | 14,201 | 13,736 | 11,962 | 11,447 | 11,023 | 10,101 | 6,800 | 6,143 | 5,198 | 6,526 | 5,738 | 5,453 | 4,458 | 4,782 | 4,439 | 4,595 | 4,448 | 2,240 | 2,018 | 1,519 |
| Current Assets | 8.4% | 12,290 | 11,336 | 10,953 | 9,351 | 8,863 | 8,705 | 8,175 | 5,283 | 4,568 | 3,900 | 5,347 | 4,924 | 4,755 | 3,510 | 3,789 | 3,781 | 3,676 | 3,520 | 1,511 | 1,602 | 1,125 |
| Cash Equivalents | -13.2% | 1,860 | 2,143 | 1,910 | 1,455 | 2,253 | 2,414 | 3,648 | 1,423 | 1,431 | 1,188 | 2,508 | 1,624 | 1,663 | 1,265 | 1,451 | 1,457 | 1,128 | 1,306 | 465 | 1,078 | 524 |
| Inventory | 18.6% | 236 | 199 | 152 | 160 | 183 | 239 | 253 | 227 | 169 | 131 | 118 | 47.00 | 21.00 | 12.00 | 9.00 | 10.00 | 6.00 | 3.00 | 5.00 | 7.00 | 8.00 |
| Net PPE | -100.0% | - | 1,036 | 993 | 945 | 932 | 967 | 807 | 703 | 619 | 459 | 392 | 302 | 263 | 239 | 244 | 221 | 216 | 189 | 166 | 138 | 113 |
| Goodwill | 3.8% | 166 | 160 | 153 | 147 | 149 | 162 | 148 | 81.00 | 85.00 | 83.00 | 85.00 | 79.00 | 82.00 | 82.00 | 88.00 | 86.00 | 90.00 | 90.00 | 89.00 | 89.00 | - |
| Liabilities | 6.8% | 12,991 | 12,161 | 11,909 | 10,331 | 9,867 | 9,434 | 8,570 | 6,677 | 6,062 | 5,228 | 4,875 | 3,942 | 3,546 | 2,493 | 2,700 | 2,302 | 2,351 | 2,135 | 1,903 | 1,677 | 1,365 |
| Current Liabilities | 8.9% | 9,616 | 8,827 | 8,562 | 7,002 | 6,823 | 6,228 | 5,837 | 4,287 | 3,869 | 3,205 | 3,636 | 3,007 | 2,660 | 1,577 | 1,752 | 1,385 | 1,450 | 1,248 | 1,166 | 990 | 975 |
| Shareholder's Equity | 10.4% | 2,252 | 2,040 | 1,827 | 1,631 | 1,580 | 1,589 | 1,531 | 123 | 81.00 | - | 1,651 | 1,746 | 1,808 | 1,867 | 1,983 | 2,038 | 2,146 | 2,214 | 337 | 342 | 155 |
| Retained Earnings | 23.5% | 1,376 | 1,114 | 913 | 748 | 619 | 496 | 397 | 444 | 348 | 280 | 314 | 365 | 351 | 296 | 323 | 378 | 525 | 509 | 503 | 506 | 516 |
| Additional Paid-In Capital | 0% | 2,309 | 2,309 | 2,309 | 2,308 | 2,308 | 2,308 | 2,439 | 920 | 455 | 276 | 1,861 | 1,931 | 1,964 | 2,068 | 2,068 | 2,076 | 2,009 | 2,097 | 225 | 222 | 25.00 |
| Shares Outstanding | -0.2% | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 49.00 | 46.00 | 45.00 | 45.00 | 44.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 12.5% | 4,537 | 4,032 | 2,940 | 2,099 | 1,640 | 997 | 965 | 520 | 616 | 1,003 | 1,182 | 1,004 | 850 | 227 | 451 | 408 | 290 | 406 | 231 | 223 | 150 |
| Share Based Compensation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.00 | 25.00 | 28.00 | 35.00 | 30.00 |
| Cashflow From Investing | 21.0% | -2,516 | -3,185 | -3,871 | -3,935 | -3,902 | -2,723 | -1,597 | -300 | 40.00 | -199 | -252 | -1,012 | -580 | -337 | -1,447 | -1,968 | -2,116 | -1,908 | -672 | -92.31 | 47.00 |
| Cashflow From Financing | -121.8% | -142 | 652 | 916 | 3,187 | 3,267 | 2,936 | 1,925 | -334 | -833 | -771 | 242 | 322 | 424 | 201 | 2,021 | 1,979 | 2,446 | 2,560 | 609 | 598 | 37.00 |
| Dividend Payments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.00 | 13.00 | 20.00 |
| Buy Backs | 65.3% | 281 | 170 | 148 | 161 | 418 | 500 | 486 | 454 | 195 | 79.00 | 54.00 | 40.00 | 1.00 | 1.00 | 1.00 | 3.00 | - | - | - | - | - |
MELI Income Statement
2023-06-30Interim Condensed Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net revenues | $ 3,415 | $ 2,597 | $ 6,452 | $ 4,845 |
| Cost of net revenues | (1,695) | (1,313) | (3,196) | (2,488) |
| Gross profit | 1,720 | 1,284 | 3,256 | 2,357 |
| Operating expenses: | ||||
| Product and technology development | (368) | (262) | (749) | (496) |
| Sales and marketing | (383) | (296) | (766) | (583) |
| Provision for doubtful accounts | (222) | (303) | (474) | (557) |
| General and administrative | (189) | (173) | (369) | (332) |
| Total operating expenses | (1,162) | (1,034) | (2,358) | (1,968) |
| Income from operations | 558 | 250 | 898 | 389 |
| Other income (expenses): | ||||
| Interest income and other financial gains | 188 | 46 | 349 | 77 |
| Interest expense and other financial losses | (92) | (73) | (186) | (129) |
| Foreign currency losses, net | (182) | (60) | (269) | (63) |
| Net income before income tax expense and equity in earnings of unconsolidated entity | 472 | 163 | 792 | 274 |
| Income tax benefit | (210) | (39) | (332) | (85) |
| Equity in earnings of unconsolidated entity | 0 | (1) | 3 | (1) |
| Net income | $ 262 | $ 123 | $ 463 | $ 188 |
| Basic EPS: Basic net income | ||||
| Basic net income available to shareholders per common share (in dollars per share) | $ 5.22 | $ 2.43 | $ 9.23 | $ 3.73 |
| Weighted average of outstanding common shares (in shares) | 50,162,687 | 50,364,529 | 50,203,652 | 50,386,519 |
| Diluted EPS: Diluted net income | ||||
| Diluted net income available to shareholders per common share (in dollars per share) | $ 5.16 | $ 2.43 | $ 9.12 | $ 3.73 |
| Weighted average of outstanding common shares (in shares) | 51,152,955 | 50,364,529 | 51,193,920 | 50,386,519 |
| Service | ||||
| Net revenues | $ 3,051 | $ 2,332 | $ 5,814 | $ 4,329 |
| Product | ||||
| Net revenues | $ 364 | $ 265 | $ 638 | $ 516 |
MELI Balance Sheet
2023-06-30Interim Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,860 | $ 1,910 |
| Restricted cash and cash equivalents | 1,964 | 1,453 |
| Short-term investments | 2,839 | 2,339 |
| Accounts receivable, net | 160 | 130 |
| Credit card receivables and other means of payments, net | 2,835 | 2,946 |
| Loans receivable, net of allowances of $1,095 and $1,074 (Note 6) | 2,051 | 1,704 |
| Prepaid expenses | 55 | 38 |
| Inventories | 236 | 152 |
| Customer crypto-assets safeguarding assets | 21 | 15 |
| Other assets | 269 | 266 |
| Total current assets | 12,290 | 10,953 |
| Non-current assets: | ||
| Long-term investments | 149 | 322 |
| Loans receivable, net of allowances of $28 and $30 (Note 6) | 76 | 32 |
| Property and equipment, net | 1,090 | 993 |
| Operating lease right-of-use assets | 779 | 656 |
| Goodwill | 166 | 153 |
| Intangible assets, net | 22 | 25 |
| Deferred tax assets | 348 | 346 |
| Other assets | 323 | 256 |
| Total non-current assets | 2,953 | 2,783 |
| Total assets | 15,243 | 13,736 |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 1,831 | 1,393 |
| Funds payable to customers | 3,734 | 3,454 |
| Amounts payable due to credit and debit card transactions | 585 | 483 |
| Salaries and social security payable | 394 | 401 |
| Taxes payable | 447 | 414 |
| Loans payable and other financial liabilities | 2,286 | 2,131 |
| Operating lease liabilities | 166 | 142 |
| Customer crypto-assets safeguarding liabilities | 21 | 15 |
| Other liabilities | 152 | 129 |
| Total current liabilities | 9,616 | 8,562 |
| Non-current liabilities: | ||
| Amounts payable due to credit and debit card transactions | 56 | 5 |
| Loans payable and other financial liabilities | 2,481 | 2,627 |
| Operating lease liabilities | 595 | 514 |
| Deferred tax liabilities | 112 | 106 |
| Other liabilities | 131 | 95 |
| Total non-current liabilities | 3,375 | 3,347 |
| Total liabilities | 12,991 | 11,909 |
| Commitments and contingencies (Note 10) | ||
| Equity | ||
| Common stock, $0.001 par value, 110,000,000 shares authorized, 50,092,669 and 50,257,751 shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 2,309 | 2,309 |
| Treasury stock | (1,138) | (931) |
| Retained earnings | 1,376 | 913 |
| Accumulated other comprehensive loss | (295) | (464) |
| Total Equity | 2,252 | 1,827 |
| Total Liabilities and Equity | $ 15,243 | $ 13,736 |
MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.