More eBay sales, an increase in the number of PayPal accounts and more mobile shoppers helped eBay Inc.’s revenue grew by double digits during this year’s first quarter.
eBay posted a 14-percent year-over-year increase, with its revenue reaching $3.7 billion, officials announced on Wednesday. Net income reached $677 million, up from $570 million during the same time last year.
eBay Marketplaces did well in the first quarter, with its revenue growing 13 percent and reaching $2 billion. Overall, the first quarter of 2013 was a “strong” one, says John Dohanoe, eBay’s president and CEO.
Fixed-price takes 68 percent of sales
Marketplaces not only grew in revenue, it also had more users at the end of the first quarter, eBay reports. In fact, that number grew by 3.9 million. Gross merchandise volume on Marketplaces also went up.
In the U.S., not including vehicles, GMV was up 13 percent and reached $18 billion. Internationally, that figure was up 11 percent at $11 billion, eBay notes.
The number of sold items jumped 12 percent, with fixed-price listings making a splash. GMV for those listings was up 17 percent and accounted for 68 percent of total GMV, eBay adds.
PayPal, mobile hold strong
PayPal, eBay’s payment service, saw its revenue rise 18 percent during the first quarter, reaching $1.5 billion. PayPal gained 5 million accounts and ended the quarter with 128 million accounts.
Overall, eBay got 2.8 million new customers through mobile, “driving double-digit growth in active users at both PayPal and Marketplaces,” eBay says.
“Technology is creating a commerce revolution, and we are in the forefront with strong mobile leadership and a focus on helping retailers and brands engage consumers anytime, anywhere,” Donahoe says.
For the second quarter, eBay projects revenue of between $3.8 and $3.9 billion.