US Stock Market Move | eBay (EBAY.US) rose more than 18% in the second quarter, with total revenue increasing by 6% year-on-year.
As of press time, the stock has risen more than 18%, reaching $91.55.
On Thursday, eBay (EBAY.US) stock price rose, up over 18% to $91.55 at the time of writing. In terms of news, eBay's second quarter total revenue was $2.7 billion, a 6% increase year-over-year; Gross Merchandise Volume (GMV) reached $19.5 billion, a 6% increase year-over-year; GAAP net profit for continuing operations was $3.69 billion, with a GAAP operating profit margin of 17.7%; Non-GAAP net profit was $6.43 billion, with a Non-GAAP operating profit margin of 28.4%.
eBay's second quarter advertising revenue was $482 million, accounting for 2.5% of GMV. First-party advertising product revenue on the platform was $455 million, a 19% increase year-over-year. During the reporting period, eBay's operating cash flow was $307 million, with free cash flow of $441 million; returning $759 million to shareholders, including $625 million in stock buybacks and $134 million in cash dividends.
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