July 25, 2003, 12:00 AM

eBay reports record Q2 net revenue, up 91%

Net revenue at the online marketplace rose to a record $509.3 million for the second quarter, nearly double the year-ago period, while gross merchandise sales, the total value of items sold, rose 66% to $5.6 billion, eBay said today.

Kurt Peters

Executive Editor

 

Net revenue at eBay Inc. rose to a record $509.3 million for the second quarter, nearly double the year-ago period, while gross merchandise sales, the total value of items sold, rose 66% to $5.6 billion, eBay reported today. Net income increased 124% to a record $109.7 million.

EBay`s number of registered users at the end of Q2 reached a record 75.3 million, up 51% from 49.7 million a year ago. Its number of active users, meanwhile, rose 57% to 34.1 million, up from 21.8 million a year ago. Active users are people who bid, bought or listed on eBay over the past 12 months.

Listings during Q2 totaled a record 225 million, 55% higher than 145 million a year ago.

Based on Q2 results, eBay said it now has nine product categories that produce more than $1 billion each in annualized gross merchandise sales: eBay Motors at $6.3 billion; consumer electronics, $2 billion; computers, $2 billion; books/movies/music, $1.6 billion; sports, $1.5 billion; clothing and accessories, $1.3 billion; collectibles, $1.1 billion; toys, $1 billion; and home & garden, $1 billion.

EBay said it expects 2003 revenues to reach as high as $2.075 billion, up $25 million from its most recent estimate. It attributes the higher revenue outlook to the strength of its U.S. and international sales transactions as well as its payments services.

 

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