INTERVIEW - Pedro Arnt, CFO of MercadoLibre on the increase of investments in Latin American Markets
February 24, 2023 at 05:18 am EST
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(MT Newswires) -- Pedro Arnt, chief financial officer of MercadoLibre (MELI), discusses the Latin America e-commerce giant's financial results, outlook and strategy. The company reported a surge in profits in the fourth quarter, even before the meltdown of Brazil's Americanas brought "tactical" opportunities in its largest market. Arnt speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia."
MercadoLibre, Inc. is the leading online marketplace in Latin America. The group operates an IT platform enabling individuals and professionals to carry out their purchasing and selling transactions for goods and services. The activity is organized around 5 areas:
- operation of online trading platforms;
- online payment services: services provided through the MercadoPago platform;
- shipping services: services provided through the MercadoEnvios platform;
- development of classified ad sites;
- other: e-commerce software development, advertising services, etc.
Net sales are distributed geographically as follows: Brazil (53.8%), Argentina (23.7%), Mexico (17.7%) and other (4.8%).
MERCADOLIBRE, INC. 
