Online news service Auction Watch reported that the auction leader earned consolidated net revenues of $180.9m, an 84 per cent increase from the same period last year. Predictions had been closer to $165m.
Revenues from strictly online sources grew 92 per cent from the previous year and 15 per cent from the previous quarter to $170m. Its consolidated net income for the quarter was $24.6m. Its gross merchandise sales (GMS) amounted to a $2.25bn, a 74 per cent increase from the same quarter last year and 14 per cent increase from the first quarter of this year.
eBay is reported to have added more than 4.4m users during the quarter, bringing its total registered user base to 34.1m, a 15 per cent increase from the first quarter of this year and a 116 per cent increase from last year. The figure does not include the 3.1m users it acquired by completing its acquisition of European auction site iBazar.
eBay estimates the average cost per registered user acquired during the quarter was about $14.
Finally, eBay’s 98.7 million listings for the quarter represented a growth of 58 per cent from the same quarter last year, with Germany contributing 10.4m and the UK 2.4m of the total.
EBay sets new records with results
eBay has beaten predictions once again in its latest set of results, showing impressive growth in revenues as well as in the number of registered users.
