eBay second quarter results increase 14 per cent | Mobile Industry | Mobile Entertainment

eBay second quarter results increase 14 per cent

eBay second quarter results increase 14 per cent
Phil Tottman

by

Industry / Market Data / July 19th 2013 at 2:54PM

Revenue up to $3.9 billion year on year.

eBay have announced that the results from its second quarter have increased 14 per cent to $3.9 billion compared to the same period a year before.

The company reported a GAAP basis net income of $640 million, which breaks down to $0.49 per diluted share, and a non-GAAP net income of $822 million, or $0.63 per diluted share.

Top-line growth drove the increase during the year-on-year period - yet GAAP earnings per diluted share dropped due to the selling of a business in 2012.

The total enabled commerce volume (ECV) grew 21 per cent for that quarter to $51 billion, displaying the stability of the company's global commerce platforms.

22 per cent of eBays total ECV came from cross-boarder trade in the second quarter equating to $1 billion.

eBay's mobile platform has also received impressive results over this quarter, attracting three million new customers and growing more than 90 percent. 

John Donahoe, CEO of eBay Inc: "We had a strong quarter, with $51 billion of enabled commerce volume across Marketplaces, PayPal and eBay Enterprise driving double-digit revenue and earnings growth."

eBay's dedicated checkout platform PayPal also delivered a strong quarter, with revenue increasing 20 per cent to $1.6 billion. It gained 4.7 million active accounts ending the quarter with 132 million, an increase of 17 per cent. 

Driven by consumer use on and off of eBay, its total payment volume (TPV) grew 24 per cent to $43 billion, and is continuing to grow off line as well with PayPal Here, which is now live in six countries and signing agreements with more than 50 domestic merchants.

With eBay's new eBay Exact 3D printing, it can only expect more and more people to be using its services, and could possibly see another even more successful quarter in the up coming months.

 

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