As expected, eBay reported fairly strong financial results in Q2 2013 today. Revenue was up 14% to $3.9 billion, compared to the same period of 2012. The company reported second quarter net income on a GAAP basis of $640 million, or $0.49 per diluted share, and non-GAAP net income of $822 million, or $0.63 per diluted share. The marketplace and e-commerce company was expected to post earnings at $0.63 per share, on revenue of $3.9 billion, so expectations were in-line with what was reported.
“We had a strong second quarter, with $51 billion of enabled commerce volume across Marketplaces, PayPal and eBay Enterprise driving double-digit revenue and earnings growth,” said eBay Inc. President and CEO John Donahoe. “Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year. But our core businesses are strong and we continue to attract millions of new customers each quarter through mobile innovation. We remain confident in our ability to meet our goals and drive global commerce innovation and leadership.”
In late March, Donahoe projected eBay’s revenue to grow to a whopping $23.5 billion in 2015. The three areas where the company is going to be betting on include expanding globally, investing in local commerce, and developing additional mobile apps. In June, the company revealed that it was planning a partnership with Kate Spade that to create a “pop up” shop with a gigantic touchscreen, “shoppable” store windows. eBay also bought Belgian classifieds company 2dehands.be last month.
PayPal is also focusing on growth, acquiring IronPearl in April. PayPal also debuted a new ecommerce login technology, and debuted its Cash for Registers program to encourage merchants to switch to PayPal-powered point-of-sale solutions.
