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:

Next Article in Mobile Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Mobile Marketing

6 Mobile Marketing Must-Have's

6 Mobile Marketing Must-Have's

Responsive design is but one of many features experts say are essential to successful mobile marketing.

The Tweet Beat: Samsung and Apple's Legal Grapple

The Tweet Beat: Samsung and Apple's Legal Grapple

We've been here before, haven't we? Apple and Samsung are in court for their patent infringement trial, part deux, and it's not pretty.

Mobile Payments Will Force Credit Card Marketers to Rethink Branding

Mobile Payments Will Force Credit Card Marketers to ...

Companies promising to simplify the card carrying experience threaten to eliminate one of the credit marketer's most time-honored branding tools.