eBay adds 2.8M new customers via mobile in Q1

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eBay added roughly 2.8 million new customers through its mobile applications during the first quarter of 2013, with downloads of those apps now topping 162 million since late 2008.

eBay posted first-quarter revenues of $3.7 billion, up 14 percent year-over-year. Gross merchandise volume, excluding vehicles, jumped 13 percent to $18 billion, and the number of items sold grew 12 percent. eBay credited the growth to increased mobile engagement as well as momentum in fashion and tickets.

eBay's PayPal unit delivered revenues of $1.5 billion, up 18 percent. PayPal added 5 million active registered accounts during the quarter and ended the period with 128 million accounts worldwide, a 16 percent hike over the first quarter of 2012, and net total payment volume leaped 21 percent to $41 billion, fueled by consumer and merchant use both on and off the eBay platform.

Highlights of the first quarter include the Japanese rollout of PayPal Here, which enables small businesses and other users to process credit and debit transactions by swiping cards through a dongle that attaches to their smartphone or tablet. eBay also released a version of Here optimized for Apple's (NASDAQ:AAPL) iPad and announced a chip and PIN iteration for the U.K. market, poised for rollout this summer. In addition, PayPal is teaming with retail chains including Home Depot, Abercrombie & Fitch, American Eagle Outfitters, JCPenney, Foot Locker, Office Depot and Toys "R" Us to trial mobile wallet services across close to 20,000 physical U.S. stores.

Earlier this year, eBay forecasted mobile payment volumes will eclipse $20 billion in 2013, with PayPal handling another $20 billion in mobile transactions. eBay finished 2012 with $13 billion in mobile payment volume--more than double the prior year--and PayPal handled almost $14 billion in mobile payment volume, more than triple the prior year.

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