Japan resale app Mercari delivers record profit amid U.S. troubles
TOKYO -- Japanese online marketplace Mercari on Tuesday posted a group net profit of 13.4 billion yen ($91.3 million) for the year ended June 30, buoyed by robust operations at home even as its U.S. segment has struggled.
Group net profit rose 3% on the year to an all-time high, achieving its first back-to-back profit since its 2018 listing.