Mercado Livre closes the quarter with a record in net income

Mercado Livre reached a net income of US$2.7 billion, exceeding analysts' expectations, who had expected a result of US$2.69 billion in the third quarter of the year.

In addition, the e-commerce company ends the semester with a record operating result. It has registered a net income worth $129 million, representing a 36% growth compared to the same quarter in 2021.

In an interview with the Bloomberg Línea newspaper, André Chaves, strategy director, corporate development and investor relations at Mercado Livre, said that the company is going through a positive moment, both competitively and financially.

"At a time when capital is tougher, and competition is increasingly based on built capabilities, companies that have historically invested in better products and better technologies end up standing out. We are among these companies", added Chaves.

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