eBay Announces Q3 2012 Results: Net Income Was $597 Million, EPS Was $0.45

Posted on Oct 18 2012 - 4:27am by Editorial Staff

eBay has announced its revenue for the third quarter ended September 30, 2012 increased 15% to $3.4 billion, as compared to the same period of 2011. The company reported quarter net income on a GAAP basis of $597 million, or $0.45 per diluted share, and non-GAAP net income of $718 million, or $0.55 per diluted share. PayPal ended the quarter with 117.4 million active registered accounts, a 14% increase over the third quarter of 2011. Revenue increased 23% year over year and net total payment volume (TPV) grew 20% year over year to $35.2 billion.

“We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth,” said John Donahoe, eBay Inc. President and CEO. “Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments. With our strong portfolio and global reach, we are consistently demonstrating our capabilities to help consumers shop anytime, anywhere. And we are enabling retailers of all sizes to compete in a rapidly evolving, multichannel commerce environment.”

Marketplaces delivered another strong quarter with Gross merchandise volume (GMV), excluding vehicles, increased 11% year over year to $16 billion in the third quarter of 2012. Active user growth reached 10% year over year, the fastest growth since 2007, with 800,000 new users coming from mobile. Downloads of eBay’s suite of mobile apps have now surpassed 100 million globally. GSI revenue increased 12% year over year to $226 million, driven primarily by a 16% year over year increase in global ecommerce (GeC) merchandise sales.

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