eBay marks big milestone in second quarter

eBay beat sales expectations in its second quarter, during which it also crossed an important threshold.



The online marketplace reported that it crossed the one billion live listings mark in the quarter, reflecting its efforts to expand the breadth of selection offered to consumers and the progress it has made on enhancing its shopping platform.



eBay reported net income of $435 million, or 38 cents a share, up from $83 million.



Revenue for the quarter totaled $2.23 billion, up from $2.11 billion in the year-ago period and also better than expected.



The company raise its full year guidance, and said it expects between $8.85 billion and $8.95 billion in revenue for 2016.



“Q2 was another good quarter where we delivered strong results and had acceleration in growth,” said Devin Wenig, president and CEO of eBay Inc. “We are now one year into executing our strategy to provide the best choice, the most relevance and the most powerful selling platform, and there are signs of momentum in our business.”



eBay said it had 164 million active buyers on the site, up from 162 million in the first quarter.