eBay ends the year with Q4 declines in sales and revenue
28.01.2016 372 views
The online marketplace increased the number of active buyers.
The gross value of goods sold on eBay Inc.’s marketplace fell 1.0% to $20.68 billion in the fourth quarter that ended Dec. 31 compared with $20.88 billion in the same period a year ago, the online marketplace reported Wednesday. It was eBay’s first holiday season without payments services firm PayPal, which in July spun off as a separate company.
Net revenue for eBay’s marketplaces fell 2.4% to $8.582 billion from $8.79 billion a year ago. Fluctuations in the value of foreign currencies affected gross merchandise value, as nearly 60% of eBay’s revenue is international, the company says. On a neutral currency basis, eBay says GMV increased 1% in Q4 and 5% for the year.
The number of active buyers increased 5% year over year in Q4 to 162 million from 154 million in the same period a year ago.
For the first time, eBay reported financial results for its concert and sports ticketing marketplace StubHub. In the fourth quarter, StubHub’s gross merchandise volume fell 1% year over year to $1.184 billion from $911 million. Net revenue for StubHub increased 34% to $232 million from $174 million a year ago.
For the fourth quarter ended Dec. 31, eBay reports:
- The value of merchandise sold worldwide on eBay was $20.883 billion, down 1% from $20.676 billion a year earlier.
- Net revenue for eBay marketplaces was flat year over year at $2.3 billion.
- Net income of $477 million, down from $1.023 billion a year earlier.
- Ebay marketplaces had 162 million active buyers in the fourth quarter compared with 159 million in Q3 2015 and 154 million in Q4 2014.
For the 12 months ended Dec. 31, eBay reports:
Net revenue for eBay’s marketplaces fell 2.4% to $8.582 billion from $8.79 billion a year ago.
Net income for eBay’s marketplaces grew 97% to $1.725 billion compared with $46 million a year earlier.
Source: Internet Retailer