eBay today announced its second quarter 2013 results with reporting the revenue of $3.9 billion, increased 14% compared to the same period of 2012. The net income on a GAAP basis for the period was $640 million or $0.49 per diluted share and non-GAAP net income was of $822 million, or $0.63 per diluted share.
“We had a strong second quarter, with $51 billion of enabled commerce volume across Marketplaces, PayPal and eBay Enterprise driving double-digit revenue and earnings growth,” said eBay Inc. President and CEO John Donahoe.
“Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year. But our core businesses are strong and we continue to attract millions of new customers each quarter through mobile innovation. We remain confident in our ability to meet our goals and drive global commerce innovation and leadership.”
Business Highlights:
- PayPal reported revenue increasing to $1.6 billion with gaining 4.7 million active registered accounts in the period and ended the quarter with 132 million, a 17% increase. PayPal’s net total payment volume (TPV) grew 24% to $43 billion driven by consumer and merchant use of PayPal both on and off eBay.
- Marketplaces reported revenue of $2.0 billion, increasing 10%. Marketplaces gained 3.5 million active users in the period and ended the quarter with 120 million, a 14% increase. Gross merchandise volume (GMV), excluding vehicles, increased 13% to $18 billion.
- eBay Enterprise contributed $246 million in revenue for the second quarter, an 11% increase while its enterprise commerce platform generated $815 million in global ecommerce (GeC) Merchandise Sales, a 21% increase.
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