7/17/13

eBay’s U.S. sales climb 16% in Q2

U.S. marketplace sales reached $7.3 billion in the second quarter. Global sales on eBay sites, excluding autos, totaled $18.3 billion, up 13% as sluggish activity in Europe and South Korea dragged down results.

Katie Evans , Managing Editor, International Research

The value of merchandise sold on eBay Inc.’s U.S. marketplace, excluding vehicles, increased nearly 16% year over year in the second quarter to $7.3 billion, eBay said today. The growth was spurred by mobile commerce and momentum in the auto parts and accessories and home and garden categories. The U.S. marketplace sales for Q2 are nearly exactly the same as the first quarter’s sales and represent a nearly identical year-over-year percentage increase as in Q1.

The value of merchandise sold on eBay outside the U.S. in the second quarter, excluding vehicles, increased 11% to $11 billion, for a total global merchandise sales value of around $18 billion, up 13% from a year earlier. Fixed-price sales grew 17% globally year over year and represented 69% of total values of goods sold on eBay.

"Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year,” says John Donahoe, eBay president and CEO. “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."

For the second quarter ended June 30, eBay reported:


For the first two quarters of 2013, eBay reported:

Analysts for Wells Fargo Securities LLC were impressed by eBay's strong user growth in the quarter. "We continue to be encouraged by the acceleration in active user growth in both the marketplaces and payments segments," they note in their summary on eBay's earnings. "This was the fourth consecutive quarter of acceleration for marketplaces and the fifth for payments, partially driven by strength in mobile that added three million new customers in Q2."

Colin Sebastian and Rohit Kulkarni, analysts with R.W. Baird Equity Research, also noted eBay's strength in mobile. EBay is expected to grow both 2013 mobile gross merchandise value, or sales of goods sold via mobile, and PayPal total payment volume to $20 billion each—which would represent a 100% year-over-year increase for each, they note in their report. "Along with PayPal, the eBay Marketplace is in an advantaged position to benefit from rapid growth in mobile, in our view, leveraging recent acquisitions that connect local store inventory with eBay’s robust online platform." Such acquisitions include Milo, which shows consumers products available in local stores and RedLaser, a mobile price-comparison app.

Topics:

eBay, eBay financials, John Donahoe

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