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SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of Financial Performance of Company's Reporting Segments

The following tables summarize the financial performance of the Company’s reporting segments:

			Year Ended December 31, 2023
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Net revenues			$	7,595					$	3,240					$	2,985					$	653					$	14,473
Direct costs			(5,763)						(1,837)						(2,371)						(595)						(10,566)
Direct contribution			1,832						1,403						614						58						3,907
Operating expenses and indirect costs of net revenues																											(2,084)
Income from operations																											1,823
Other income (expenses):
Interest income and other financial gains																											723
Interest expense and other financial losses																											(378)
Foreign currency losses, net																											(615)
Net income before income tax expense and equity in earnings of unconsolidated entity																											$	1,553

			Year Ended December 31, 2022
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Net revenues			$	5,666					$	2,500					$	1,864					$	507					$	10,537
Direct costs			(4,717)						(1,488)						(1,579)						(481)						(8,265)
Direct contribution			949						1,012						285						26						2,272
Operating expenses and indirect costs of net revenues																											(1,238)
Income from operations																											1,034
Other income (expenses):
Interest income and other financial gains																											265
Interest expense and other financial losses																											(321)
Foreign currency losses, net																											(198)
Net income before income tax expense and equity in earnings of unconsolidated entity																											$	780

			Year Ended December 31, 2021
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Net revenues			$	3,910					$	1,531					$	1,172					$	456					$	7,069
Direct costs			(3,233)						(998)						(1,139)						(380)						(5,750)
Direct contribution			677						533						33						76						1,319
Operating expenses and indirect costs of net revenues																											(878)
Income from operations																											441
Other income (expenses):
Interest income and other financial gains																											138
Interest expense and other financial losses																											(229)
Foreign currency losses, net																											(109)
Net income before income tax expense and equity in earnings of unconsolidated entity																											$	241

Summary of Consolidated Net Revenues by Similar Products and Services

The following tables summarize net revenues per reporting segment, which have been disaggregated by similar products and services for the years ended December 31, 2023, 2022 and 2021:

			Year Ended December 31, 2023
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Commerce services (1)			$	3,655					$	1,036					$	1,653					$	410					$	6,754
Commerce products sales (2)			857						225						326						39						1,447
Total commerce revenues			4,512						1,261						1,979						449						8,201
Fintech services (3)			1,910						1,292						296						185						3,683
Credit revenues (4)			1,155						684						699						8						2,546
Fintech products sales (5)			18						3						11						11						43
Total fintech revenues			3,083						1,979						1,006						204						6,272
Total net revenues			$	7,595					$	3,240					$	2,985					$	653					$	14,473

			Year Ended December 31, 2022
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Commerce services (1)			$	2,585					$	814					$	1,036					$	329					$	4,764
Commerce products sales (2)			487						271						246						40						1,044
Total commerce revenues			3,072						1,085						1,282						369						5,808
Fintech services (3)			1,464						904						152						125						2,645
Credit revenues (4)			1,102						506						421						4						2,033
Fintech products sales (5)			28						5						9						9						51
Total fintech revenues			2,594						1,415						582						138						4,729
Total net revenues			$	5,666					$	2,500					$	1,864					$	507					$	10,537

			Year Ended December 31, 2021
			Brazil						Argentina						Mexico						Other Countries						Total
			(In millions)
Commerce services (1)			$	2,076					$	614					$	756					$	304					$	3,750
Commerce products sales (2)			405						242						168						70						885
Total commerce revenues			2,481						856						924						374						4,635
Fintech services (3)			938						490						80						82						1,590
Credit revenues (4)			468						178						163						—						809
Fintech products sales (5)			23						7						5						—						35
Total fintech revenues			1,429						675						248						82						2,434
Total net revenues			$	3,910					$	1,531					$	1,172					$	456					$	7,069

(1) Includes final value fees and flat fees paid by sellers derived from intermediation services and related shipping and storage fees, classified fees derived from classified advertising services and ad sales.

(2) Includes revenues from inventory sales and related shipping fees.

(3) Includes revenues from commissions the Company charges for transactions off-platform derived from use of the Company’s payment solution, revenues as a result of offering installments for the payment to its Mercado Pago users, either when the Company finances the transactions directly or when the Company sells the corresponding financial assets, Mercado Pago credit and debit card fees and insurtech fees.

(4) Includes interest earned on loans and advances granted to merchants and consumers, and interest earned on Mercado Pago credit card transactions.

(5) Includes sales of mobile point of sales devices.

Summary of Allocation of Property and Equipment Based on Geography

The following table summarizes the allocation of the property and equipment based on geography:

			December 31,
			2023						2022
			(In millions)
US property and equipment, net			$	2					$	1
Other countries
Argentina			208						188
Brazil			603						514
Mexico			345						206
Other countries			92						84
			1,248						992
Total property and equipment, net			$	1,250					$	993

Schedule of Operating Lease Right of Use Assets Based on Geography

The following table summarizes the allocation of the operating lease right-of-use assets based on geography:

			December 31,
			2023						2022
			(In millions)
Argentina			$	51					$	53
Brazil			396						286
Mexico			380						245
Other countries			72						72
Right of use asset, net			$	899					$	656

Summary of Allocation of Goodwill and Intangible Assets Based on Geography

The following table summarizes the allocation of the goodwill and intangible assets based on geography:

			December 31,
			2023						2022
			(In millions)
US intangible assets at fair value (1)			$	24					$	—
			$	24					$	—
US intangible assets, net (1)			$	—					$	9
Goodwill and intangible assets, net
Argentina			12						14
Brazil			68						63
Mexico			44						40
Other countries			50						52
			174						169
Total goodwill and intangible assets			$	198					$	178

(1) Digital assets as of December 31, 2023 are included within “Intangible assets at fair value” of the consolidated balance sheets. See Note 2 – Summary of significant accounting policies – Recently Adopted Accounting Standards of these audited consolidated financial statements for further detail.

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