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Friday, January 18, 2013

eBay and PayPal report a good mobile year

Online marketplace eBay has reported its fourth-quarter and full-year results for 2012, with annual revenue up 21% to $14.1 billion (around £8.9 billion). Net income was down 19% to $2.6 billion, although the Q4 2011 figures had been boosted by the company selling its share in Skype.

$13 billion of eBay transactions were made using a mobile device; a 120% increase on the 2011 figure.

The company’s PayPal money transfer business ended the year with approximately 123 million registered accounts. Payments made via mobile devices were up more than 250% year-on-year to almost $14 billion.

John Donahoe, eBay’s President and CEO, said “We had a great finish to an excellent year, with fourth quarter results exceeding our expectations. eBay Marketplaces in particular had a terrific fourth quarter, with growth in the U.S. accelerating three points, outpacing ecommerce. Mobile continues to rewrite the commerce playbook, and we continue to be a mobile commerce and payments leader. eBay mobile finished the year with $13 billion in volume - more than double the prior year - and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year. In 2013, we expect each to exceed $20 billion.”

Author: The Fonecast
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Categories: Retailing, Applications, NewsNumber of views: 5634

Tags: payments paypal ebay

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