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Sales ascend 12% at online retailer eBay in Q3
30
Oct '14
NASDAQ-listed and US based online retailer – eBay said in the third quarter ended September 30, 2014, its revenue rose 12% from a year earlier quarter.

Global commerce platform and payments leader eBay reported third quarter of 2014 sales of $4.4 billion, up 12% from the same period in 2013.

Driven by accelerating enabled commerce volume growth and double-digit revenue growth, GAAP earnings reached $673 million or $0.54 per diluted share, and Non-GAAP earnings of $848 million or $0.68 per diluted share.

eBay Inc.'s enabled commerce volume (ECV) rose 27% year-on-year in the third quarter of 2014 to $63 billion, of which mobile ECV advanced 67% from a year ago period to $14 billion, representing 21% of volume.

eBay said cross-border trade ascended 27% from the third quarter of 2013 to $14 billion in the third quarter of 2014 and stood for 22% of total eBay ECV.

PayPal net total payment volume (TPV) grew 29% with Merchant Services volume up 37% and on-eBay volume up 9%, while revenue went up to $2.0 billion, in the reporting quarter.

“PayPal gained 4.4 million new active registered accounts to end the third quarter of 2014 at 157 million, up 14%,” eBay said.

The online retailer further informed that, global on-eBay penetration increased to 80.5%, while mobile payment volume grew 72% to $12 billion, representing 20% of TPV.

eBay Marketplaces gross merchandise volume (GMV) grew 9%, with US business up 7% and international up 11%, while revenue rose to $2.2 billion.

eBay Enterprise gross merchandise sales (GMS) grew 14% and sales went up to $259 million in the reporting quarter. eBay said, Enterprise enabled its clients to grow same-store sales 13%.

GAAP operating margin decreased to 17.9% for the third quarter of 2014, compared to 20.5% for the same period last year.

Non-GAAP operating margin declined to 23.7% in the third quarter of 2014, against for the same quarter of 2013.

The GAAP effective tax rate for the third quarter of 2014 was 15.9%, compared to 21.1% for the third quarter of 2013, while for the third quarter of 2014 and 2013, the non-GAAP effective tax rate was 19.2%, for both periods.

ebay generated $1.4 billion of operating cash flow and $0.9 billion of free cash flow during the third quarter of 2014.

The company's cash and cash equivalents and non-equity investments portfolio amounted to $15.1 billion at September 30, 2014, up from $12.8 billion at December 31, 2013.

"eBay continues to focus on enhancing its competitive position, improving the experience for buyers and sellers and investing in consumer engagement,” said, CEO John Donahoe.

He added, “As we prepare to separate eBay and PayPal in 2015, our teams are focused on strong execution to ensure each business is set up for long-termsuccess." (AR)

Fibre2fashion News Desk - India

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