Ebay sees large increase in 2Q revenue

SAN JOSE, Calif. Ebay announced that it posted second quarter revenue of $2.1 billion, a $97.7 million year-over-year decrease. The company recorded net income on a GAAP basis of $327.3 million or 25 cents per diluted share, and non-GAAP net income of $478.6 million or 37 cents per diluted share.

GAAP operating margin decreased to 19.6% for the quarter, compared to 24.8% for the same period last year. Non-GAAP operating margin decreased to 28.7% for the quarter, compared to 31.9% for the same period last year.

“We drove solid second quarter results, with strong momentum and market share gains at PayPal and continued stabilization in our core eBay business,” said eBay Inc. President and CEO John Donahoe. “We are managing our business with focus and discipline, delivering on our commitments while investing in our growth priorities. I’m pleased with our pace, our progress and our performance.”