Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Gross merchandise volume at eBay Inc. rose 18% year over year in the second quarter to $13 billion from $11 billion a year earlier, the company reports. Fixed price trading accounted for about 35% of total gross merchandise volume.
Gross merchandise volume at eBay Inc. rose 18% year over year in the second quarter to $13 billion, up from $11 billion a year earlier, the company reports. Gross merchandise volume represents the total value of all successfully closed listings on eBay’s trading platforms. Fixed price trading accounted for about $4 billion, or 35% of total gross merchandise volume, due primarily to eBay’s “Buy it Now” feature.
The number of new listings of items for sale during the second quarter totaled 596 million, up 35% from 440 million new listings in 2005’s second quarter. Registered users at the end of the quarter increased 203 million, a 29% increase from 157 million users at the end of the year-ago quarter.
Active users-the number of users on eBay’s platform who bid, bought or listed an item within the previous 12 months-increased to 78 million, up 20% from 65 million in 2005.
Consolidated Q2 net revenue of $1.411 billion represented a 30% increase from $1.086 billion reported in 2005’s second quarter. U.S. net revenue, including Shopping.com, rose 20% to $490.4 million, while international marketplace revenue rose 23% to $506.7 million.
Net revenue from eBay’s PayPal payments business rose 39% year-over-year to $330.7 million. PayPal had 114 million payments accounts at the end of the second quarter, up 44% from 79 million a year earlier. Total payment volume initiated through the PayPal system, excluding the payment gateway business, was $9 billion for the quarter, up 37% from $6 billion in 2005’s second quarter.
Consolidated net income for the quarter was $250 million.