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- eBay News
( https://www.aspkin.com/forums/ebay-news/)
| eBayNews | 10-21-2009 09:50 PM |
eBay Up, Marketplaces Down 1% in Third Quarter Year-over-Year
eBay reported financial results for the third quarter ended September 30, 2009. The company posted third-quarter revenue of $2.2 billion, up $120.3 million from the same period last year, and said year-over-year revenue growth was driven primarily by the continued growth in PayPal, Skype, classifieds and in eBay's fixed-price format. The company recorded net income on a GAAP basis of $349.7 million.
eBay President and CEO John Donahoe said, "Our third quarter results were strong with PayPal gaining momentum and market share worldwide and our core eBay business showing positive trends. We're delivering on our commitments, executing on our plans and operating smarter and faster."
The Marketplaces business unit, which consists of eBay, Shopping.com, StubHub, Kijiji and other ecommerce sites, recorded $1.4 billion in revenue, a 1% year-over-year decline. Excluding the impact of the stronger U.S. dollar, revenue growth in the Marketplaces business was 4% year over year. GMV (excluding vehicles) was $12.2 billion for the quarter, an increase of 7%, compared to the third quarter of 2008.
According to a slide presentation at eBay's analyst conference call, organic growth in the Marketplaces was down 2 percent, with a 6% positive impact from acquisitions, and a 5% negative impact from FX (currency).
International Marketplaces revenue accounted for 56% of total Marketplaces revenue, down from 57% in Q2-2009 and up from 53% in Q3-2008.
Fixed Price Trading was 56% of total gross merchandise volume, up from 51% in Q2-2009 and 46% in Q3-2008.
eBay reported 89.2 million active (but not unique) users as of September 30, 2009, excluding Half.com, StubHub and Gmarket.
The Payments business unit reported $688.1 million in revenue, an increase of 15% year over year. eBay said the Payments business would continue to focus on the acquisition of new merchants, greater penetration into the Marketplaces business and the ongoing integration of Bill Me Later.
Link to eBay Investor page with link to slide presentation and press release.
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