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Q2 Revenue of $2.7 billion; GMV of $22.1 billion.
eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its second quarter ended June 30, 2021.
"Today I am pleased to announce another strong quarter. In Q2, on an apples-to-apples basis, all key business metrics met or exceeded expectations and revenue growth was driven by the acceleration in our payments migration and growth in advertising," said Jamie Iannone, Chief Executive Officer at #ebay. "During the quarter, we hit several important milestones in our ongoing transformation, including the transition of eBay's Classifieds business - a deal that has already delivered exceptional shareholder value - and the announcement of the sale of our Korean business. We are simplifying our portfolio and growing our core while delivering significant shareholder value.
"We remain relentlessly focused on accelerating our product innovation by harnessing the power of next-gen technology and creating a more seamless experience for sellers," continued Iannone. "We are delivering innovative category experiences for buyers and quickly evolving in our pursuit to be the best global marketplace to sell and buy."
Second Quarter Financial Highlights
Background on the Presentation of Results
On June 24, 2021, the company announced it reached an agreement for the purchase by Emart of eBay's Korea business and has since determined that the business meets the discontinued operations accounting criteria. Recast historical financial statements were published in a Form 8-K on July 13, 2021.
To aid in the comparison to previously provided financial guidance, below is a revised version of the April 28, 2021 guidance metrics, reflecting the exclusion of the Korean business.
Further information in the press release to download
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