EBay revenue, expenses grow in Q3

Share this article:

EBay's third-quarter revenue increased 32% to $3 billion versus 2010, the company reported. It also reported Q3 net income of $490.5 million, a 14% year-over-year bump.

Meanwhile, the San Jose, Calif.-based company's sales and marketing expenses grew to more than $623 million in the three months ended Sept. 30, up from $483.6 million during the same period last year.

EBay president and CEO John Donahoe said mobile commerce was a main driver of the revenue gains.

“Mobile commerce continues to accelerate as consumers change the way they shop,” he said in statement on Oct. 19. “We expect eBay mobile commerce to generate almost $5 billion in merchandise volume this year and PayPal mobile to exceed $3.5 billion in payment volume.” PayPal ended Q3 with 103 million active accounts, up 14% versus the same period last year.  

GSI Commerce, which eBay bought in March for approximately $2.4 billion, contributed $202.6 million in Q3 revenue.

Share this article:
close

Next Article in Mobile Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Mobile Marketing

Yahoo Makes Big Play in Mobile Advertising

Yahoo Makes Big Play in Mobile Advertising

It agrees to buy Flurry, a mobile ad exchange used in more than 400,000 apps.

Mobile Attribution Is a Work in Progress

Mobile Attribution Is a Work in Progress

Marketers discuss the daunting task of—and potential solutions for—tracing sales back to mobile campaigns.

Tapjoy Partners With Experian

Tapjoy Partners With Experian

The mobile rewards company seeks to provide advertisers with improved audience targeting.