The Marketplace platforms delivered $2.1 billion of revenue
eBay shared its financial results. Source: shutterstock.com
eBay Inc delivered revenue for the quarter ended September 30, 2018 of $2.6 billion, increasing 6% on an as-reported basis and 6% on a foreign exchange (FX) neutral basis, primarily driven by gross merchandise volume (GMV) of $22.7 billion, up 5% on both an as-reported and FX-Neutral basis.
During the quarter, eBay delivered GAAP net income from continuing operations of $720 million, and Non-GAAP net income from continuing operations of $554 million. The company generated $560 million of operating cash flow and $381 million of free cash flow from continuing operations while also repurchasing approximately $1.0 billion of its common stock in the quarter.
In the third quarter, eBay grew active buyers by 4% across its platforms, for a total of 177 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $2.1 billion of revenue and $21.5 billion of GMV.
SEE ALSO: Amazon sales significantly increased in the third quarter
