eBay Reports Q1, 2013 Results: Revenue $3.7 Billion, EPS $0.51

Posted on Apr 18 2013 - 1:46am by Editorial Staff

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eBay today reported its first quarter 2013 with the revenue of $3.7 billion for the quarter, increased 14% as compared to the same period of 2012. The first quarter net income on a GAAP basis was $677 million or $0.51 EPS while non-GAAP net income was of $829 million, or $0.63 EPS.

“We had a strong first quarter, with accelerating user growth across both Marketplaces and PayPal, and with GSI enabling their retail clients to grow faster than ecommerce,” said John Donahoe, eBay Inc. President and CEO. “Technology is creating a commerce revolution, and we are in the forefront with strong mobile leadership and a focus on helping retailers and brands engage consumers anytime, anywhere.”

The company’s PayPal business reported revenue increase of 18% to $1.5 billion while the business gained 5 million active registered accounts in the period and ended the quarter with total 128 million, a 16% increase. The net total payment volume grew 21% to $41 billion.

The company’s Marketplaces business reported revenue increase of 13% to $2 billion; Marketplaces gained 3.9 million active users in the period and ended the quarter with 116 million, a 13% increase.

The company’s GSI Commerce business counted for $236 million in revenue while its enterprise commerce platform generated $807 million in global ecommerce (GeC) Merchandise Sales, and its marketing services fee business produced $50 million of revenue.

For the second quarter 2013, the company expects net revenue in the range of $3.8 – $3.9 billion with GAAP EPS in the range of $0.46 – $0.48 and non-GAAP EPS in the range of $0.61 – $0.63 while for the full year 2012, revenue be in the range of $16 – $16.5 billion with GAAP EPS in the range of $2.23 – $2.29 and non-GAAP EPS in the range of $2.70 – $2.75.

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