Former Agenda LLC co-owner Seth Haber is tasked with turning around the bankrupt web retailer.
Value of items sold over eBay.com in the first quarter grew 71% over last year’s first quarter, reaching $5.32 billion, up from $3.11 billion. Registered users at eBay grew 49% to 68.8 million from a year ago.
The total value of items sold over eBay.com in the first quarter grew 71% over last year’s first quarter, reaching $5.32 billion, up from $3.11 billion, eBay Inc. reported today. Registered users at eBay grew 49% to 68.8 million from 46.1 million a year ago and up 11.5% from 61.7 million in the prior quarter. Active users, that is, the number of users on the eBay platform who bid, bought or listed over the past twelve months, increased to 31.1 million, a 57% increase over the 19.8 million active users for the same period a year ago. Listings in the first quarter totaled 220 million, 59% higher than the 138 million in Q1 2002.
EBay’s revenue in Q1 totaled $476.5 million, 94% higher than Q1 2002. Income from operations totaled $148.1 million during Q1, a 109% increase over the $70.7 million reported in Q1 2002. Net income was $104.2 million. “Q1 was a terrific quarter for eBay, delivering record results across every part of the business,” said Meg Whitman, President and CEO.
EBay reports it now has eight categories with more than $1 billion in worldwide sales: eBay Motors at $5.3 billion; computers at $2.1 billion; consumer electronics at $2.1 billion; books/movies/music at $1.6 billion; sports at $1.3 billion; collectibles at $1.2 billion; clothing and accessories at $1.2 billion; and toys at $1.1 billion.
EBay’s fixed price sales reached $1.4 billion in the quarter, 26% of total merchandise sales. EBay also hosts 100,000 stores, including nearly 50,000 sellers on eBay.com and more than 50,000 sellers internationally.