The value of goods transacted on eBay Inc.’s U.S. marketplace grew 3.2% to $8.81 billion during the company’s second quarter ended June 30, the online marketplace reported Thursday. That’s up from $8.54 billion during the second quarter a year ago. For the first six months of 2016, U.S. gross merchandise value was $17.64 billion, up 3.4% from $17.06 billion.
Globally, sales on eBay’s marketplaces increased 3.0% to $21.47 billion from $20.85 billion in the same quarter a year ago. Excluding the impact of the strong dollar, global sales grew 5.0% year over year, eBay says.
For the first six months of the year, global gross merchandise value grew 2.7% to $42.41 billion from $41.30.
Revenue for the company in Q2 was $2.33 billion, up 4.5% from $2.23 billion. Through the first six months of the year, revenue is $4.55 billion, up 4.1% from $4.37 billion.
For the three months ended June 30, eBay also reported:
- Sales, not including sales through online ticket marketplace StubHub, of $20.46 billion, up 3.4% from $19.79 billion. Excluding foreign currency exchange rates, gross merchandise value grew 5%.
- Revenue from eBay’s marketplace, not including StubHub, was $1.59 billion, up 4.6% from $1.52 billion.
- For StubHub, eBay’s concert and sports ticketing marketplace, gross merchandise volume fell 4.7% to $1.01 billion from $1.06 billion.
- StubHub’s Revenue, or fees paid by its sellers, was $227 million, up 0.9% from $225 million a year ago.
- Net income of $27 million compared with $437 million a year ago. Net income was negatively impacted by a non-cash income tax charge of $311 million related to “realignment of legal structure,” eBay says.
- Number of active buyers (those who have made a purchase in the past year) increased to 171 million, up 4.3% from 164 million.