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.

 

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.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Przemyslaw Mankowski / E-Commerce

How a Polish e-commerce firm gained approval to operate in China

Quarticon, a provider of personalization and remarketing technology, found a local partner, paid attention to ...

FPO

Thom O'Leary / E-Commerce

Five ways to buy valuable time for a replatforming project

Fast-growing retailers are often racing against the clock as they move from one e-commerce platform ...

Advertisement