$2.3bn revenues in Q2 for eBay

Online marketplace eBay has reported a revenue of $2.3 billion on a Gross Merchandise Volume (GMV) of $21.5 billion for Q2 of 2017.

“In Q2, eBay delivered strong top and bottom line financial results, led by Marketplace acceleration,” said Devin Wenig, President and CEO of eBay, in a statement issued yesterday (20 July).

“During the past two years, we have made significant progress to modernize eBay and drive growth by improving the customer experience, creating a product catalog that covers more than half of our inventory, and sharpening the eBay brand.  We are on track and focused on creating an even stronger eBay for years to come.”

The company’s revenues and earnings were in line with market expectations. While it does not possess a logistics or delivery arm for the moment, eBay has a significant stake in the UK, EU and US online economy. Facebook has made moves in recent times by offering currently free sales platforms, but hasn’t yet made a dent on eBay’s global performance.

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