eBay reports “record” Q4 results

eBay has reported that it achieved “record” results in the fourth quarter (Q4), which were driven by a strong holiday season for its Marketplace platform. The company said that its gross merchandise volume (GMV) for the quarter ended 31 December was $22.3bn, which was a 5% increase on a foreign exchange (FX) neutral basis and 2% on an as-reported basis.

Revenue for the quarter was $2.4bn, up 6% on an FX-Neutral basis and 3% on an as-reported basis.

“Q4 was a record quarter highlighted by solid performance in our eBay business. During the holiday season, eBay was one of the top consumer shopping destinations in the world and the second most visited eCommerce site in the U.S.,” said Devin Wenig, eBay’s President and CEO. “In 2017, we intend to accelerate the progress that we made last year as we continue to execute our business strategy.”