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Ebay Second Quarter Revenue $3.4 Billion

Ebay has reported second quarter revenue of $3.4 billion – up 23% on the same period in 2011. The results were partly driven by as 13% increase in the number of active registered Paypal accounts of which there are now 113.2 million.

John Donahoe, eBay Inc. President and CEO commented:

“We delivered a great second quarter, driven by eBay Marketplaces’ best performance in years, strong growth at PayPal and strong same-store-sales growth for GSI’s large retail customers. Our entire company is strong, but we’re particularly pleased with eBay Marketplaces, which delivered its strongest organic growth in gross merchandise volume, excluding vehicles, since 2006. And mobile continues to be a game changer. We now expect eBay and PayPal mobile to each transact $10 billion in volume in 2012 — that’s more than double 2011, a staggering surge in mobile shopping and payments on devices that did not exist just a few years ago. Retail is at an inflection point, and we are helping to reshape how people around the world shop and pay.”

Users will soon be able to pay in person, in-store, using Paypal. Sixteen large brand-name U.S. retailers have announced their intent to work with PayPal on point of sale initiatives. The PayPal point of sale payment solution, which gives shoppers the opportunity to pay using just their mobile phone number or PayPal payment card and PIN, was rolled out in Abercrombie & Fitch and Jos. A. Bank stores in the U.S. beginning in the quarter.

About Business Desk

Business Desk
Editors and staff from the Business Desk at The Global Herald.

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