eBay Inc. announced financial results for its second quarter ending June 30, 2010. Second quarter revenue was up 6% to $2.2 billion (or 15% excluding Skype), compared to Q2 2009. The company recorded Q2 net income on a GAAP basis of $412.2 million (or $0.31 per diluted share) and non-GAAP net income of $530.2 million (or $0.40 per diluted share).
PayPal delivered a record Q2 performance and added a million new accounts each month during the quarter. For 3 consecutive quarters, PayPal’s merchant services business has grown by over 40% year over year.
eBay marketplace showed a strong performance in Europe, expected performance in Asia and slower than expected growth in the US.
“We delivered strong second quarter results, demonstrating the global strength and increasing diversity of our business,” said John Donahoe, eBay Inc. President and CEO. “PayPal is strong and getting stronger, building a robust and innovative global footprint serving all of ecommerce. And our eBay turnaround remains on track, with strong performance in Europe, significant changes in the U.S. and continued improvements to the buying and selling experience. We continue to focus on delivering strong financial results, managing a healthy balance sheet and making the necessary investments to compete, win and satisfy our customers.”
There are a number of options for you to get more information around today’s earnings announcement. You can listen along to the live eBay earnings call. You can follow along with my tweets in real-time, beginning at 2pm PT. I will be live-blogging here on the homepage of eBay Ink. Also, you can get up-to-the-minute eBay news and information. Finally, you can access the full Q2 eBay earnings announcement.
For folks interested in following the entire conversation on Twitter, the hashtag is #eBayQ210.
Cheers,
RBH
