eBay Q4 revenue increases by 28 percent

For its fourth quarter, eBay Inc. reported revenue of 2.9 billion dollars, up 28 percent on both an as-reported basis and a foreign exchange neutral basis, while full year revenue was 10.3 billion, up 19 percent on reported basis and up 20 percent on an FX-Neutral basis. The company said, fourth quarter GMV was 26.6 billion dollars, up 21 percent on reported basis and up 18 percent on an FX-neutral basis. GAAP net income for the quarter was 781 million dollars or 1.12 dollars per diluted share, while non-GAAP net income was 600 million dollars or 86 cents per diluted share. Annual active buyers grew by 7 percent, for a total of 185 million global active buyers.