eBay Inc. Sees Spike in Revenue for First Quarter

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ebay_logo_300eBay Inc. saw a 14% increase in revenue to $4.3 billion during its first quarter compared to the first quarter in 2013, according to a press release by eBay.

Global commerce continues to grow, with total company enabled commerce volume increasing 24% in the first quarter to $58 billion.  Mobile enabled commerce volume increased 70% to $11 billion, representing 19% in volume.

Mobile downloads since its inception, has exceeded to 240 million and has attracted 6.5 million new customers in the first quarter.  Cross-border trade grew 24%, representing $13 billion, or 22% of total enabled commerce volume.

PayPal net total payment volume grew 27% with merchant service volume up 32% and on-eBay volume is up 15%.  Revenue grew to $1.8 billion.  PayPal gained 5.8 million new active registered accounts to end the quarter at 148 million, up 16%.  Global on-eBay penetration increased to 78.9%.

Ebay marketplaces gross merchandise volume grew 12%.  In the U.S. it was up 11% and internationally, it was up 13%.  Revenue grew to $2.2 billion,  the marketplaces gained 4.7 million new buyers to end the quarter with 145 million active buyers, an increase of  14%.

Top rated sellers in the company’s three largest markets grew its same-store sales of 19% and offered free shipping on 53% of transactions across those markets.  The selection of items available on the marketplaces grew to over 650 million listings, including both platform and non-platform offerings, reflecting the success of improved selling initiatives, particularly on mobile.

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