10/16/13

eBay’s U.S. sales climb 15% in Q3

EBay executives warn of slowing e-commerce growth heading into the holiday season.

Thad Rueter , Senior Editor

The value of merchandise sold on eBay Inc.’s U.S. marketplace, excluding vehicles, increased nearly 15% year over year in the third quarter to $7.4 billion, the online marketplace said today. The growth came in part from gains in mobile commerce and what eBay calls “investment in buyer experience.”

The value of merchandise sold on eBay outside the United States in the third quarter, excluding vehicles, increased 12% to $11 billion, for a total global merchandise sales value of around $18 billion, up 13% from a year earlier. Fixed-price sales increased 18% globally year over year and represented 71% of the total value of goods sold on eBay.

"We delivered strong third quarter results, with mobile driving a significant portion of our new user growth and continuing to transform how consumers shop and pay around the world,” says John Donahoe, president and CEO. "Our scale and experience, the strength of our global commerce platforms, our technology assets and our mobile commerce capabilities strongly position us to be a leader in the commerce revolution under way.”

However, eBay executives also said that they saw a slowing of growth in U.S. online sales in the last two months of the thrid quarter, with no improvement in the first half of October. Chief financial officer Bob Swan said that U.S. e-commerce growth, which was 15.5% year over year in the second quarter according to comScore, was likely closer to 13% in the third quarter. "U.S. e-commerce has softened considerably, and we have a cautious outlook for the holiday season," Swan told analysts on a conference call to discuss the third quarter earnings report.

 For the third quarter ended Sept. 30, eBay reported:

For the nine months ended Sept. 30, eBay reported:

• Net revenue increased 14.3% to $11.51 billion compared from $10.07 billion for the same period last year.  Net income totaled $2.00 billion on a GAAP basis, up from $1.85 billion.


 

Topics:

e-commerce earnings, e-payments, eBay, John Donahoe, PayPal

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