eBay revenue rises 9 per cent in second quarter

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.

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