EBay revenue, expenses grow in Q3

Share this content:

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.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above