Q2 revenue hikes for eBay
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US e-commerce platform eBay revenue rose by 9 per cent during the second quarter to June 30, to US$2.6 billion.
Gross merchandise volume (GMV) rose 10 per cent, reaching $23.6 billion, or 7 per cent on a foreign-exchange neutral basis. Net income was $638 million.
“In the second quarter, we continued to execute our strategy, making improvements to the core eBay experience,” said president and CEO Devin Wenig. “At the same time, we pursued significant opportunities in advertising and payments.
“As we look ahead to the second half of 2018, we expect acceleration in our core business and continued strong growth in earnings.”
eBay says the number of active buyers on its platforms increased by 4 per cent globally to 175 million.
Questions & Answers
Q.What was the growth rate for eBay's Gross Merchandise Volume when foreign exchange fluctuations are excluded?
What was the growth rate for eBay's Gross Merchandise Volume when foreign exchange fluctuations are excluded?
Gross Merchandise Volume (GMV) increased by 7 per cent when calculated on a foreign-exchange neutral basis. GMV rose by 10 per cent to reach $23.6 billion during the second quarter.
Q.What is the total number of active buyers on eBay's platforms globally?
What is the total number of active buyers on eBay's platforms globally?
The total number of active buyers on eBay's platforms globally has reached 175 million. This represents a 4 per cent increase in active buyers during the second quarter.
Q.What strategic areas did eBay focus on during the second quarter?
What strategic areas did eBay focus on during the second quarter?
eBay focused on improving the core eBay experience as part of its strategy. The company also pursued significant opportunities in both advertising and payments during this period.
Q.What are eBay's expectations for the second half of 2018 regarding its business performance?
What are eBay's expectations for the second half of 2018 regarding its business performance?
For the second half of 2018, eBay anticipates an acceleration in its core business. They also expect to see continued strong growth in earnings during this period.
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