eBay had a strong third quarter, helped by growth in eBay Marketplaces, a recent acquisition and strong PayPal numbers, officials announced earlier this week.
eBay Inc.'s net revenue grew by 32 percent, year over year, bringing its third-quarter net revenue to $3 billion. Excluding contributions from GSI Commerce, which eBay officially acquired during the quarter, eBay's net revenue grew by 23 percent, year over year. Net income increased by 14 percent, year over year, to $491 million, eBay reports.
eBay Marketplaces and PayPal saw a strong quarter. Marketplaces had a net revenue increase of 17 percent compared to the same time last year, bringing it to $1.7 billion. Gross merchandise volume for Marketplaces grew by 16 percent, year over year, not including eBay Motors. In the U.S., GMV was up 14 percent, year over year. International GMV grew 18 percent, year over year, officials said.
PayPal ended the quarter with 103 million active accounts, a 14-percent year-over-year increase. Its net total payment volume went up by 31 percent to $29.3 billion. Net revenue was up by 32 percent compared to the same time last year, officials said.
GSI Commerce, an e-commerce and interactive marketing service that eBay acquired for $2.4 billion, also did well. It reported net revenue of $203 million, further helping eBay's numbers.
"Our company reported another strong quarter with eBay, PayPal and GSI each performing well," notes eBay President and CEO John Donahoe, adding that mobile commerce also helped the company's gains.
"Mobile is one way online and offline shopping are blending into a single commerce environment," Donahoe continues. "We are focused on enabling commerce, helping consumers shop anytime, anywhere, and being the commerce partner of choice for retailers of all sizes."
Officials expect eBay to generate nearly $5 billion in mobile GMV this year. PayPal is expected to generate more than $3.5 billion in mobile total payment volume—twice what it did in 2010.
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Auctiva staff writers constantly monitor trends and best practices of those selling on eBay and elsewhere online. They attend relevant training seminars and trade shows and regularly discuss the market with PowerSellers and other market experts.