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eBay gross merchandise volume increased 5%

Staff Writer | October 20, 2016
eBay delivered gross merchandise volume (GMV) for the quarter ended September 30, 2016 of $20.1 billion, increasing 5% on a foreign exchange (FX) neutral basis and 3% on an as-reported basis.
eBay
eBay   Non-GAAP net income was $509 million
Revenue for the quarter was $2.2 billion, up 8% on an FX-Neutral basis and 6% on an as-reported basis. GAAP net income from continuing operations was $418 million, or $0.36 per diluted share, and non-GAAP net income from continuing operations was $509 million, or $0.45 per diluted share.

During the quarter, the company generated $802 million of operating cash flow and $617 million of free cash flow from continuing operations while also repurchasing $500 million of its common stock.

In the third quarter, eBay added over one million active buyers across its platforms, to a total of 165 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $19.0 billion of GMV and $1.8 billion of revenue.

Marketplace revenue was up 5% on an FX-Neutral basis and 2% on an as-reported basis, driven by GMV growth of 4% on an FX-Neutral basis and 2% on an as-reported basis as well as growth in Marketing Services & Other revenue.

StubHub had another strong quarter with GMV of $1.1 billion, up 23%, and revenue of $263 million, up 32%, aided by strength across concerts, theater and baseball as well as the continued benefit from ongoing product innovation.

The Classifieds platforms delivered another quarter of good performance with revenue of $197 million, up 14% on an FX-Neutral basis and 11% on an as-reported basis, primarily driven by the Automotive and Real Estate verticals across several key geographies.


 

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