Finance & Economics

eBay shared its financial results

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.

This quarter we continued to make foundational investments to improve the long-term competitiveness of our marketplace while setting the stage for significant growth opportunities. We will continue to innovate the customer experience while executing our growth initiatives in Payments and Advertising to position eBay for future success
Devin Wenig, President and CEO of eBay Inc

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

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