eBay revenue up 73% over Q3 2001
Friday, October 18th, 2002
Revenues for eBay increased 73% in Q3 2002 versus Q3 2001. Total transaction volume increased 93%. Five categories exceed $1 billion in volume in 2002.
Excerpts from eBay’s press release:
Online net transaction revenues in Q3-02 increased 73% year over year to a record $263.6 million, driven by 52% year-over-year transaction revenue growth in the U.S. and 163% year-over-year transaction growth internationally. On an overall consolidated basis, Q3-02 net revenues increased 49% over the $194.4 million generated in Q3-01, reflecting the expected 40% year-over-year decrease in third party advertising revenues.”
Listings ‘ eBay hosted a record 160 million listings during the quarter, representing a 47% year-over-year increase from the 109 million reported in Q3-01.
Registered Users ‘ Cumulative confirmed registered users at the end of Q3-02 totaled a record 54.9 million, a sequential increase of 5.2 million users and a 46% increase over the 37.6 million users reported at the end of Q3-01.
Based on Q3-02 annualized GMS, eBay now has five categories that generate more than $1 billion in worldwide GMS: eBay Motors at $3.8 billion, Computers at $1.6 billion, Consumer Electronics at $1.4 billion, Books/Movies/Music at $1.2 billion and Sports at $1.0 billion.
Nearly 37,000 sellers on eBay.com and 14,000 sellers internationally, are currently taking advantage of the enhanced merchandising capabilities of eBay Stores.
During Q3-02, PayPal users generated $1.79 billion in Total Payment Volume, representing a 93% increase from the $925 million generated in Q3-01. PayPal net revenues totaled $59.3 million, representing a 98% increase from Q3-01.
The release can be accessed from this page.