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eBay’s gross merchandise sales rise 30% year-over-year to $44 billion
Showing no signs of slowing down, eBay reports a 39% rise in listings to 1.9 billion in 2005 as its number of active users reached a record 72 million and gross merchandise sales rose to $44 billion from $34 billion in 2004.
Chief Technology Editor
Showing no signs of slowing down, eBay Inc. reports a 39% rise in listings to 1.9 billion in 2005 as its number of active users reached a record 71.8 million and gross merchandise sales, the total value of all closed listings on eBay’s trading platforms, rose to $44 billion from $34 billion in 2004.
“We saw accelerating growth and momentum across the board,” CEO Meg Whitman said.
EBay said it now has 383,000 online stores worldwide operating within eBay.com, including 212,000 based in the U.S. It reported that total payment volume initiated through its PayPal system (excluding its payment gateway business) last year amounted to $27.5 billion, up 45% from $18.9 billion in 2004.
Consolidated net income last year rose 39% to $1.08 billion, up from $778.22 million in 2004, and net revenue rose 39.2% to $4.55 billion from $3.27 billion.
For the fourth quarter ended Dec. 31, gross merchandise sales rose 22% to $12 billion, up from $9.8 billion a year earlier. Fixed-price trading accounted for $4 billion or 34% of Q4 gross merchandise sales, eBay said.