eBay Inc. today reported that revenue for Q3FY11, increased 32% to $3.0 billion, compared to the same period of 2010. We recorded Q3 net income on a GAAP basis of $490.5 million, or $0.37 per diluted share, and non-GAAP net income of $628.2 million, or $0.48 per diluted share. The year-over-year increase in third quarter GAAP and non-GAAP earnings per diluted share was driven primarily by solid top-line growth, partially offset by continued investment in key strategic initiatives and the impact of acquisitions.

PayPal
PayPal ended the quarter with 103.0 million active registered accounts, a 14% increase year over year. PayPal revenue increased 32% year over year and PayPal’s net total payment volume (TPV) grew 31% to $29.3 billion in Q3 compared to the same period of last year. PayPal expects to generate more than $3.5 billion in mobile TPV in 2011, up from $750 million in 2010.

eBay Marketplaces
The Marketplaces business also delivered a strong Q3. Gross merchandise volume (GMV) excluding vehicles increased by 16% year over year to $14.7 billion. U.S. GMV excluding vehicles increased 14% year over year. International GMV excluding vehicles increased 18% year over year to $9.1 billion, reflecting solid growth in Europe, continued improved performance in Korea, as well as a positive impact from foreign exchange.

eBay expects to generate almost $5 billion in mobile GMV in 2011, more than double mobile GMV in 2010.

The company’s GSI business, which was acquired in the second quarter of 2011, contributed $202.6 million in revenue for the third quarter.

Business Outlook
• Fourth quarter 2011 — eBay expects net revenues in the range of $3,200 – $3,350 million with GAAP earnings per diluted share in the range of $1.47 – $1.53 and non-GAAP earnings per diluted share in the range of $0.55 – $0.58. GAAP earnings per diluted share includes the gain from the sale of our remaining equity interest in Skype.

• Full year 2011 — eBay now expects net revenues in the range of $11,500 – $11,600 million with GAAP earnings per diluted share in the range of $2.42 – $2.48 and non-GAAP earnings per diluted share in the range of $1.98 – $2.01. GAAP earnings per diluted share includes the gain from the sale of our remaining equity interest in Skype.

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.

You can access the full Q3 eBay earnings announcement.

For folks interested in following the entire conversation on StockTwits, go to http://stocktwits.com/symbol/EBAY.

Cheers,
RBH