Today eBay Inc. reported 2016 first quarter results. The focus of the report was strictly financial and covered gross merchandise volume and revenue growth, without too much detail on the websites’ visitors growth or how many people shopped on eBay.com (active buyer base).
eBay Inc. reported $20.5 billion in gross merchandise volume, up by 5%. Which includes eBay marketplaces and businesses like StubHub.
$19.6 billion was generated by marketplaces like eBay USA, eBay UK, etc. alone. Marketplaces revenue was up by 3% from 2015 Q1. This is similar performance to 2015 Q4 eBay results which had eBay growing at 5%. It is great to see eBay continue to grow, even though the 3-5% growth year-over-year is less than the overall growth of ecommerce in the US which is estimated to be at 15% by comScore.
eBay had over 900 million active listings at any given time. This was helped by continuing effort to increase listings quality via structured data. eBay has recently redesigned browsing experience and introduced features like the ability to search by product ID.
As Devin Wenig, President and CEO of eBay Inc., puts it:
“Q1 represents another quarter of solid results, as we continue to position eBay for long-term success. We are executing our plan and making progress on our strategic priorities to ensure our buyers have the best choice of products and a simple, personalized shopping experience, while sellers benefit from our powerful selling platform.”
eBay exceeded expectations when it reported after the bell on Tuesday. Shares jumped up 5% following the announcement.