Ebay has announced its quarter four and full year results for 2016, the company had revenue of $2.4 billion for the quarter.
The company announced that its revenue for 2016 was $9.0 billion which was up on the previous year.
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, President and CEO of eBay Inc. “In 2017, we intend to accelerate the progress that we made last year as we continue to execute our business strategy.”
In the fourth quarter, eBay added two million active buyers across its platforms, for a total of 167 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $21.1 billion of GMV and $1.9 billion of revenue. Marketplace revenue was up 4% on an FX-Neutral basis and flat on an as-reported basis, driven by a strong holiday season which led to accelerating GMV growth of 5% on an FX-Neutral basis and 2% on an as-reported basis. StubHub had a record quarter with GMV of $1.2 billion, up 5%, and revenue of $279 million, up 20%, with strength in its baseball and theater genres. The Classifieds platforms delivered another quarter of double digit growth with revenue of $201 million, up 13% on an FX-Neutral basis and 10% on an as-reported basis with strong performance in Germany.
You can find our more details about Ebay’s financial results for quarter four and also for the full year of 2016 at the link below.
Source PR NewswireFiled Under: Technology News, Top News