eBay Inc revenues rise 14pc to US$3.9bn in second quarter

18 Jul 2013

E-commerce powerhouse eBay Inc has reported second-quarter revenues of US$3.9bn, up 14pc on the previous year.

The company, which also owns PayPal and employs around 3,000 people in Ireland, reported a net income of US$640m.

Total enabled e-commerce volume (ECV) for the quarter – the tech giant’s metric for quantifying the levels of e-commerce it has supported among traders across the planet – rose 21pc to US$51bn during the quarter.

Mobile commerce is also growing fast for eBay Inc, with a 90pc increase in new customers – or 3m people – during the quarter.

eBay Inc’s e-payments arm PayPal delivered a strong second-quarter performance, with revenue increasing 20pc to US$1.6bn.

PayPal gained 4.7m active registered accounts in the period and ended the quarter with 132m, a 17pc increase. PayPal’s net total payment volume (TPV) grew 24pc to US$43bn, driven by consumer and merchant use of PayPal both on and off eBay.

“We had a strong second quarter, with $51bn of enabled commerce volume across Marketplaces, PayPal and eBay Enterprise driving double-digit revenue and earnings growth,” said eBay Inc president and CEO John Donahoe.

“Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year. But our core businesses are strong and we continue to attract millions of new customers each quarter through mobile innovation.

“We remain confident in our ability to meet our goals and drive global commerce innovation and leadership,” Donahoe said.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years