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eBay reports strong Q2 results driven by consumer shift to e-commerce

  • ZDNet
  • 2 months ago
  • eBay reported second quarter net income of $770 million, or $1.04 per share. Non-GAAP earnings were $1.08 per share on revenue of $2.9 billion, up 18% from the same period last year.
  • In its financial release Tuesday, eBay said GMV was up 26% year over year to $27.1 billion. The bulk of the revenue came from eBay's Marketplace platforms, which the company said delivered $2.7 billion of revenue.
  • Elsewhere, eBay said it grew annual active buyers by 5% across its platforms, for a total of 182 million.
  • The company said its managed payments business hit a milestone at the end of July with the expiration of its operating agreement with PayPal. The company is now able to scale its management of payments globally. Since launch, eBay has processed $4.7 billion in GMV.
eBay reports strong Q2 results driven by consumer shift to e-commerce

Christian Kot

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I am a hard-working & determined individual. I have pursued multiple entrepreneurial endeavors including running eBay/Amazon stores & running my own web store.

luis andres ramos

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Worked at Instagram, eBay. Experience with Apparel, Automation, Business Development. Went to Dallas Baptist University, Sam Houston State University

Philip Harding

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Entrepreneur. Tech Exec. Impact Junkie. Changemaker. US Gov, US Congress, Redefine Design, eBay, Digital Media Academy, Apple, Youth Pastor. @Harvard alum ^2.

Justin Herzig

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Interested in Technology, FinTech, VC, Start-ups, Wake Forest and Sports
Total raised

$6.7M

Funded over

2 rounds

Latest round

IPO (Sep 1998)