eBay's Mobile Efforts, Global Push Deliver Solid Growth
by Trefis
eBay (EBAY) continued its strong performance in the first quarter of 2013 as growth in new users lifted net revenues by 14% y-o-y to $3.7 billion. The trend was helped by the ongoing adoption of m-commerce and the company’s expansion into international markets. It added over 2.8 million new users to eBay and PayPal through mobile devices in Q1. The digitization of local storefronts presents an enormous opportunity for the company, and we expect it to continue its impressive run in the near term. This should help eBay achieve its target of $300 billion in commerce volumes by 2015, up 70% from 2012. It took its first steps in this direction by registering $49 billion in commerce volumes in Q1, up 19% y-o-y. read more »
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