EBay announces financial results

Share this content:

EBay announced this week third quarter revenue of $2.12 billion, up $228 million from the same period last year.

The online auction company reported a net income of $492 million, or $0.38 per share.

However, the company said gross merchandise volume slipped by 1% during the quarter.

EBay took a loss during last year's third quarter primarily due to a $1.4 billion write-off of Internet telephony provider Skype, which it acquired in 2005.

“Overall, we are pleased with the performance of the portfolio this past quarter,” said eBay Inc. president and CEO John Donahoe, in a written statement. “We took a number of steps during the quarter to further strengthen our business and better align our cost structure to invest and compete. We will continue to stay focused on connecting consumers on our various ecommerce platforms, maintaining financial discipline and capitalizing on new opportunities for growth.”

For the fourth quarter, eBay predicted earnings of 39 cents to 41 cents a share, with revenue expected to come in between $2.02 billion and $2.17 billion.

EBay subsidiary PayPal saw revenue increase 27%, to $597 million for the quarter.

EBay has made changes to its core business platform in recent months, including lowering the seller fee for listing an item in the “buy it now” format, a feature for those customers who want to buy items right away and don't want to use an auction format.

The company also announced it would not accept paper payment methods, except in certain cases, as of November.

close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

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