eBay ( EBAY ) reported solid first quarter results on Tuesday, with revenues rising 4% year-over-year (y-o-y) to $2.14 billion, beating Reuters' compiled consensus estimate of $2.08 billion. Top line growth was driven by a 34% y-o-y sales increase in eBay-owned tickets marketplace StubHub and a 17% increase in Marketing & Advertising revenue. eBay's main marketplace platform reported a revenue decline of 2.3% y-o-y owing to a lower average take rate of 7.7%. The take rate represents eBay's commission on items sold.
Have more questions about Ebay? See the links below:
- eBay Beats Q1 Estimates On Marketing Revenue Growth, Cost Cutting
- What Is Ebay's Revenue And Earnings Breakdown In Terms Of Different Operating Segments?
- How Much Did Ebay's Revenue & EBITDA Grow In The Last Five Years?
- How Much Can Ebay's Revenue & EBITDA Grow In The Next Five Years?
- How Has Ebay's Revenue Composition Changed In The Last Five Years?
- Is eBay Focusing On Brand Building?
Notes:
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2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Ebay
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.