Hard work pays off for eBay

Published on Thu, 19/07/2012, 10:30:37

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eBay has reported strong second quarter results with revenue up by 23 per cent to approximately AUD$3.3 billion, compared to the same period last year.

According to the company, the results are a reflection of its commitment to innovation, particularly in the area of mobile commerce where downloads of its mobile apps surpassed 90 million globally since the launch in 2008.

President and CEO John Donahoe said the hard work to transform and reposition the business for the future is paying off.

"As a business, marketplaces managed to deliver ahead of budget on GMV, revenue and operating income," said global marketplaces president Devin Wenig, who noted that performance was very strong in North America and across Fashion and Parts & Accessories vertical categories.

He also pointed out that Asia's Marketplaces results were outstanding, with pronounced improvement in Korea and excellent results from eBay Australia.

"In Europe, there was continued strength in the U.K., and solid double digit growth in Germany," Devin added. "We also saw Italy up 16 percent, after site improvements that directly led to that result."

Meanwhile, in the same period, PayPal’s revenue increased 26 per cent year-over-year, driven by strong product innovation and a focus on global commerce. For the third consecutive quarter, more than half of PayPal’s revenue came from outside the U.S.
 


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