eBay’s Q2 results show continued mobile momentum

eBay’s Q2 results show continued mobile momentum

18 JUL 2013

PayPal and parent eBay added three million new mobile customers in the second quarter, said John Donahoe, eBay’s chief executive, speaking during the company’s quarterly results.

In addition, Donahoe said both units expect to see more than $20 billion in mobile commerce and payment volumes in 2013, a reiteration of an earlier prediction.

Overall, eBay and PayPal reported second-quarter net income of $822 million against $730 million in the same period a year earlier. Revenue increased by 14 per cent to $3.88 billion.

However, the outlook for the rest of the financial year was more guarded, with e-commerce growth rates slowing in Europe and South Korea. Full-year results will be at the low end of the previously forecast range, the company said.

Donahoe is bullish on mobile prospects though. “Led by mobile our commerce revolution is underway and we are well positioned to capitalise on the accelerated change happening globally,” he said

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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