eBay have just announced their second quarter 2005 financial results. Some excerpts:
eBay reported record revenues of $1.086 billion, up 40% year over year; record profit of $379.0 million, up 49% year over year, representing a 35% operating margin.
“eBay achieved remarkable results in Q2,” said Meg Whitman, President and CEO of eBay. “Excellent momentum in the US and Germany, as well as at PayPal, all helped deliver an impressive jump in revenues and profit.”
U.S. Marketplace net revenues: $423.6 representing 27% year-over-year growth.
International Marketplace: $418.8 representing 51% year-over-year growth.
Payments net revenues: $243.9 million, representing 51% year-over-year growth.
Confirmed Registered Users: 157.3 million, a 38% increase.
Active users: a record 64.6 million in Q2-05, a 34% increase (the number of users who bid, bought, or listed an item within the previous 12-month period)
New Listings: a record 440.1 million, 32% higher than same quarter last year
Gross Merchandise Volume (GMV): a record $10.9 billion, a 36% (the total value of all successfully closed listings)
Total Payments Accounts: 78.9 million, a 56% increase (the cumulative total accounts opened, and users that made payments with PayPal but have not registered)
Total Payment Volume (TPV): a record $6.5 billion, a 49% increase (the dollar volume of payments initiated through the PayPal system)
Key Category Performance: The following categories delivered $1 billion or more in worldwide annualized GMV:
eBay Motors at $14.3 billion
Clothing & Accessories at $3.3 billion
Consumer Electronics at $3.2 billion
Computers at $2.9 billion
Home & Garden at $2.5 billion
Books/Movies/Music at $2.4 billion
Sports at $2.1 billion
Collectibles at $2.0 billion
Toys at $1.6 billion
Jewelry & Watches at $1.5 billion
Business & Industrial at $1.5 billion
Cameras & Photo at $1.3 billion.
Fixed Price Trading: Contributed approximately $3.2 billion or 29% of total GMV, primarily from eBay’s “Buy It Now” feature.
eBay Stores: eBay hosted approximately 299,000 stores worldwide, with approximately 173,000 stores hosted on the U.S. site.
These results exceeded the high end of the company’s guidance of $1.050 billion for net revenues.