Q2 revenue hikes for eBay

A parcel in eBay Inc. packaging is seen on a conveyor belt with other small parcels at the United States Postal Service (USPS) sorting center in Louisville, Kentucky, U.S., on Friday, Jan. 13, 2017. Starting January 22, the cost of mailing a one-ounce first-class letter will return to being 49 cents, up from 47 cents, where it had been since April. Photographer: Luke Sharrett/Bloomberg via Getty Images

US e-commerce platform eBay revenue rose by 9 per cent during the second quarter to June 30, to US$2.6 billion.

Gross merchandise volume (GMV) rose 10 per cent, reaching $23.6 billion, or 7 per cent on a foreign-exchange neutral basis. Net income was $638 million.

“In the second quarter, we continued to execute our strategy, making improvements to the core eBay experience,” said president and CEO Devin Wenig. “At the same time, we pursued significant opportunities in advertising and payments.

“As we look ahead to the second half of 2018, we expect acceleration in our core business and continued strong growth in earnings.”

eBay says the number of active buyers on its platforms increased by 4 per cent globally to 175 million.