EBay (EBAY)

 

International Marketplaces net transaction revenues increased 23% and 24% during the second quarter and first six months of 2006, respectively, compared to the same periods of the prior year. International Marketplaces net transaction revenues as a percentage of total net transaction revenues was 37% during the second quarter of 2006, compared to 39% in the same period of the prior year. International Marketplaces net transaction revenues as a percentage of total net transaction revenues was 36% during the first six months of 2006, compared to 39% in the same period of the prior year. Gross merchandise volume from the International Marketplaces increased 22% and 20% during the second quarter and first six months of 2006, respectively, compared to the same periods of the prior year. The growth in our International Marketplaces net transaction revenues was primarily the result of strong performances in Germany and the United Kingdom as well as significant increases in certain of our less established markets, particularly Australia, France and Italy. We expect that the growth rates of our International Marketplaces segment transaction net revenues will decline in 2006 compared to 2005, although we expect such revenues to grow in significance relative to our total eBay Marketplaces as we continue to develop and deploy our global online commerce platform during 2006. These expectations are subject to additional uncertainties related to the impact of changes to the store inventory format (including store inventory format pricing and product changes), as well as consumer protection initiatives and the launch of eBay Express in Germany and the United Kingdom.