eBay Reflects on Strong 2012 Performance for Mobile

 eBay Reflects on Strong 2012 Performance for MobileOn Thursday, eBay reported that revenue for the fourth quarter of 2012 increased 18% to $4.0 billion, compared to Q4 of 2011.

For the full year, however, revenue increased 21% to $14.1 billion, compared to 2011.

The company reported net income on a GAAP basis of $2.6 billion ($1.99 per diluted share), and net income on a non-GAAP basis of $3.1 billion (2.36 per diluted share).

“We had a great finish to an excellent year, with fourth quarter results exceeding our expectations,” said eBay CEO John Donahoe. “eBay Marketplaces in particular had a terrific fourth quarter, with growth in the U.S. accelerating three points, outpacing ecommerce.”

Not surprisingly, mobile continues to grow more important to eBay with each passing quarter.

“Mobile continues to rewrite the commerce playbook, and we continue to be a mobile commerce and payments leader,” Donahoe added.

As it turns out, eBay mobile finished the year with $13 billion in volume – more than double the prior year.

PayPal mobile handled almost $14 billion in payment volume, the company confirmed in its report, which is more than triple the prior year.

“In 2013, we expect each to exceed $20 billion,” Donahoe said.

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