Enjoy unlimited access: just £1 for 12 weeks

Subscribe now

The net income for the period is $54.3m compared to $24.6 m for the first six months of 2001, a rise of 121 per cent. Both are record figures, the company report.

Year on year, net transaction revenues increased 66 per cent, three quarters of which came from US business. But this was partially offset by an 11 per cent decrease in third party advertising revenues to $16.7m.

eBay hosted a record 145.2m listings during the quarter, representing a 47 per cent year-on-year increase from the 98.7m reported in the first quarter of 2001.

The company added 4.4m new confirmed registered users, offset by approximately 700,000 user IDs eliminated as part of the company’s enhanced trust and safety policies at Internet Auction Company, its South Korean subsidiary. Cumulative confirmed registered users for the first half of 2002 totalled a record 49.7m, representing a 46 per cent increase over the 34.1m users reported at the end of June 2001.

At the end of the second quarter this year, the company had consolidated assets totalling nearly $2bn, including nearly $1.3bn in aggregate cash and investments.

eBay’s ten largest categories for the period were eBay Motors, Computers, Consumer Electronics, Book, Movies, Music, Sports, Collectables, Toys, Clothing & Accessories, Jewellery & Gemstones and Photo.

Based on the company’s most recent performance, eBay now expect net revenues for the third quarter to be between $278m and $281m, rising to about $1.1bn for the full year.