eBay reports USD 3.89 Bn revenue for Q3 FY13, expects USD 4.6 Bn for Q4 FY13

ebay-finaleBay Inc., maintaining its Q3 guidance revealed during the Q2 FY13 release, has gained a net revenue of USD 3.89 Bn for Q3 FY13 as disclosed in a recent earnings release. The revenue for the quarter lies in range of the expected USD 3.85 Bn – USD 3.95 Bn. However, it failed to meet the analysts forecast of USD 4.64 Bn.

Non-GAAP earnings were 64 cents per share on a revenue of USD 3.9 Bn, up by 14 percent annually. Thus, beating the Wall Street estimates of 63 cents per share on a revenue of USD 3.9 Bn.

The GAAP earnings were USD 689 Mn, or USD 0.53 per diluted share, a 16% Y-o-Y increase, driven by the revenue growth and the sale of investments in RueLaLa and ShopRunner.

Mobile enabled commerce volume was up by 75% in the quarter, with downloads since inception exceeding 200 Mn and the company’s suite of mobile apps attracting 3.2 Mn new customers.

Also, the strong quarter performance of Paypal, supported with its launch in Russia and its new mobile app played a significant role in its current quarter growth. This quarter it gained 5 million active registered accounts and ended the quarter with 137 Mn, a 17% increase.

The eBay’s recent acquisition of Braintree in an attempt to integrate with Paypal, and help accelerate its global leadership in mobile payments, could prove an important factor to achieve the expected Q4 results for the current financial year. However, the entry of Amazon into payments can make the situation a bit tough.

For the upcoming fourth quarter 2013 — the company expects net revenues in the range of USD 4,500 – USD 4,600 Mn with GAAP earnings per diluted share in the range of USD 0.67 – USD 0.69.

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