eBay’s US sales grow almost 5% while global GMV accelerates the most in 3 years

The value of goods transacted on eBay Inc.’s U.S. marketplace grew 4.8% to $8.78 billion during the company’s third quarter ended Sept. 30, the online marketplace reported Wednesday. That’s up from $8.38 billion during the third quarter a year ago.

For the first nine months of 2017, U.S. gross merchandise value was $26.43 billion, up 2.6% from $25.76 billion.

Globally, sales on eBay’s marketplaces increased 8.1% to $21.68 billion from $20.05 billion in the same quarter a year ago. Excluding the impact of foreign exchange rates, global sales grew 7% year over year, eBay says.

For the first three quarters of the year, global GMV grew 4.2% to $63.98 billion from $61.42 billion.

Global sales on eBay’s marketplaces saw the highest growth rate in three years, eBay says.

“In Q3, we drove acceleration across all three of our platforms (eBay marketplace, StubHub and Classified), delivering strong top and bottom-line financial results and our fastest volume growth in over three years,” CEO Devin Wenig says. “Our customers are responding to the significant product enhancements we have been making, and this is reflected in our results.”
more at: https://www.digitalcommerce360.com/2017/10/18/ebays-us-sales-grow-almost-5-global-gmv-accelerates-3-years/

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