For the second quarter, eBay Inc., revenue was 2.7 billion dollars, up 14 percent on an as-reported basis and up 11 percent on a foreign exchange (FX) neutral basis. The company’s gross merchandise volume (GMV) was 22.1 billion dollars, down 7 percent on an as-reported basis and down 11 percent on an FX-Neutral basis.
The company reported GAAP net income from continuing operations of 294 million dollars or 43 cents per diluted share, while non-GAAP net income from continuing operations of 675 million dollars or 99 cents per diluted share.
“Today I am pleased to announce another strong quarter. In Q2, on an apples-to-apples basis, all key business metrics met or exceeded expectations and revenue growth was driven by the acceleration in our payments migration and growth in advertising,” said Jamie Iannone, chief executive officer at eBay.
Highlights of eBay’s second quarter
The company’s annual active buyers declined by 2 percent, for a total of 159 million global active buyers, while a
eBay Q2 revenues up 14 percent, GMV down 7 percent