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eBay Marketplace Down Significantly from Last Year

However, Up from Previous Quarter

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eBay announced its second quarter results yesterday, and claims to have had a strong second quarter, slightly higher than expectations. Here are some of the numbers:

- Second quarter revenue was $2.10 Billion (a $97.7 million decrease year-over-year)

- Net income on a GAAP basis was $327.3 million ($0.25 per diluted share)

- Non-GAAP net income was $478.6 million ($0.37 per diluted share)

- eBay generated $730.7 million of operating cash flow during Q2 and free cash flow during the quarter was $602.3 million

ebay Ink live(micro)blogged the earnings call on Twitter, so you can get a convenient look at the whole thing here. The call was summarized in the following two tweets at the end of the session:

eBay earnings summary

eBay earnings summary

The marketplaces biz stabilizing bit might surprise some users, who have practically been calling for its imminent demise for quite some time now. Marketplaces’s revenue was down 14% from the same period last year, however, though it did go up 3% from the first quarter.

eBay Marketplace Down Significantly from Last Year
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  • Patricia013

    Seems to me Wall St. has fallen for Donahoe

  • http://nymarts.com NYM Arts

    A recent Wall Street Journal article contains, what I consider to be, some Comic Relief about Ebay’s “Plans” to cater to Big Business. One of the item descriptions available will be : “Used: Like New”.
    Use of this description on any item listed by the Original Sellers that Made Ebay, eventually got their businesses COMPLETELY SHUTDOWN and put out of business.
    Ebay is DIZZY. I dare say, Ebay is Suffering the VERTIGO brought on by its CEO John Donahoe, who as such, is a COMPLETE MESS.
    I’m VERY CAREFUL with my money. I only “Bet” on a SURE THING.
    Ebay is NOT it.