SAN JOSE, Calif. — Revenue at eBay rose 15% to $3.4 billion for the third quarter ended Sept. 20 from the the same period last year. The company reported third quarter net income on a GAAP basis of $597 million, or 45 cents per diluted share, and non-GAAP net income of $718 million, or 55 cents per diluted share. GAAP and non-GAAP net income were up 22% and 14%, respectively, year over year due primarily to strong top-line growth.
"We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth," said John Donahoe, eBay Inc. President and CEO. "Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments. With our strong portfolio and global reach, we are consistently demonstrating our capabilities to help consumers shop anytime, anywhere. And we are enabling retailers of all sizes to compete in a rapidly evolving, multichannel commerce environment."
eBay's PayPal segment continues to be a key revenue driver for the company. The division ended the quarter with 117.4 million active registered accounts, a 14% increase over the third quarter of 2011. Revenue increased 23% year over year and net total payment volume grew 20% year over year to $35.2 billion.
Marketplaces delivered another strong quarter with accelerating user growth. Gross merchandise volume, excluding vehicles, increased 11% year over year to $16 billion in the third quarter of 2012. Marketplaces revenue increased 9% year over year, driven by strong growth in the United States and Asia Pacific. Active user growth continued to accelerate during the quarter, reaching 10% year over year, the fastest growth since 2007, with 800,000 new users coming from mobile. This helped boost sold items growth, which was up 19% year over year in the third quarter of 2012. U.S. GMV, excluding vehicles, increased 16% year over year, while international GMV, excluding vehicles, increased 8% year over year, in both cases driven by investment in the customer experience, growth of mobile as a channel and continued strong performance in key verticals.
For the fourth quarter 2012, eBay expects net revenues in the range of $3.85 billion to $4 billion with GAAP earnings per diluted share in the range of 55 cents to 58 cents and non-GAAP earnings per diluted share in the range of 66 cents to 69 cents .
For the full year 2012, eBay now expects net revenues in the range of $13.9 billion to $14.1 billion with GAAP earnings per diluted share in the range of $1.95 to $1.99 and non-GAAP earnings per diluted share in the range of $2.32 to $2.35.