eBay reports Q1 results
eBay has reported a first quarter (Q1) revenue of $2.2bn and a Gross Merchandise Volume (GMV) of $20.9bn. The eBay Marketplace platforms delivered $20.0bn of GMV, which was increase of 2%, and $1.8bn of revenue.
“The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core U.S. business,” said Devin Wenig, President and CEO of eBay Inc. “We are on the right path as we continue to evolve our shopping platform for consumers, leverage our technology advantages and market a sharpened eBay brand globally.”
As previously reported by Post&Parcel, eBay recently announced a strategic agreement with the Indian e-commerce player, Flipkart. In yesterday’s (19 April) statement on its Q1 results, eBay added: “In exchange for an equity stake, eBay will make a $500 million cash investment in and sell its eBay.in business to Flipkart. The companies will also exclusively pursue cross-border trade opportunities together.”
