July 20, 2001, 12:00 AM

eBay’s revenue, users and merchandise sales continue to skyrocket

eBay Inc. today reported net revenues of $180.9 million in the second quarter of 2001, an 84% increase over the $98.2 million in the same period last year.

Kurt Peters

Executive Editor

eBay Inc. today reported net revenues of $180.9 million in the second quarter of 2001, an 84% increase over the $98.2 million in the same period last year. Consolidated net income for the quarter was $24.6 million. eBay`s pro forma consolidated net income, excluding certain charges was $33.5 million.

"It`s clear that our business has excellent momentum," said Meg Whitman, president and CEO. "We`re seeing sustained growth across categories, trading formats, and in our international operations."

eBay users transacted a record $2.25 billion in total sales during the second quarter, representing 74% increase over last year’s second quarter and 14% over Q1 of this year. eBay`s German and UK sites transacted $193 million and $42 million, representing 20% and 36% growth, respectively.

eBay added more than 4.4 million users during the quarter to 34.1 million registered users, up 15% from the first quarter amd 116% over the year-ago quarter.

Based on total sales and marketing expense, the average cost per registered user acquired during the quarter was approximately $14.

eBay hosted 98.7 million listings during the quarter, representing 58% year over year growth and 11% sequential quarterly growth.

eBay reports that 18,000 merchants have signed up for eBay Stores launched on June 11.

 

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