eBay’s U.S. sales grow almost 5% in Q2
July 20, 2016 04:51 PM
The value of goods transacted on eBay Inc.'s U.S. marketplace grew 4.8% to $8.54 billion during the company’s second quarter ended June 30, the online marketplace reported on Wednesday. That’s up from $8.15 billion in the same quarter a year ago. For the first six months of 2016, marketplace sales in the U.S. was $17.06 billion, up 3.8% from $16.44 billion.
The value of goods transacted on eBay global marketplaces increased 3.9% to $20.85 billion from $20.61 billion in the same quarter a year ago. Excluding the impact of the strong dollar, global sales grew 6% year over year.
Net revenue for eBay’s global marketplaces, which comes from the fees paid by eBay’s sellers, increased 5.7% to $2.23 billion from $2.11 billion a year ago. Excluding currency exchange rates, revenue was up 7%, eBay says.
The number of active buyers, or those who made a purchase in the past 12 months, increased 4.5% to 164 million from 157 million in Q2 2015.
As part of its initiative to have sellers define their products using structured data, which makes it easier for eBay to show relevant search results on its marketplaces, eBay added reviews to its products across all categories beginning in Q4 2015. In the second quarter, eBay customers added 3.1 million product reviews, with a total of 12 million reviews on products on eBay’s marketplaces, CEO Devin Wenig said on a call discussing quarterly results with investors.
Wenig also said that Amazon’s second annual Prime Day on July 12 was a “really strong day” for eBay, though he did not provide further details.
For the second quarter ended June 30, eBay also reports:
- The value of goods sold on eBay’s marketplaces, not including sales through online ticket marketplace StubHub, was $19.79 billion, up 2.7% from $19.27 billion. Excluding foreign currency exchange rates, gross merchandise value grew 5%. Revenue from eBay’s marketplace, not including StubHub, was flat year over year at $1.52 billion. 62% of eBay’s marketplace revenue is international.
- For StubHub, eBay’s concert and sports ticketing marketplace, gross merchandise volume jumped 34.5% to $1.06 billion from $788 million. Revenue, or fees paid by sellers, for StubHub was $225 million, up 39.8% from $161 million.
- Net income of $435 million, up from $83 million in the same quarter a year ago. Net income from Q2 2015 includes PayPal and eBay Enterprise financial results. PayPal and eBay split in July 2015.