eBay (EBAY) released its latest earnings report after closing bell tonight, posting non-GAAP earnings of 45 cents per share on $2.217 billion in revenue. Analysts had been expecting earnings of 44 cents per share on $2.18 billion. In last year’s third quarter, the online auction firm reported 43 cents per share in earnings on $2.1 billion in revenue.

eBay’s profits shrink

eBay’s GAAP earnings fell to 36 cents per share or $418 million from 45 cents per share or $509 million in the year-ago quarter. The company moved $20.1 billion worth of gross merchandise volume during the third quarter, representing a 5% increase on a currency-neutral basis and a 3% increase on a reported basis.

eBay added more than 1 million active buyers across all of its platforms to bring its total active user buyer base to 165 million globally. The company’s Marketplace platforms moved $19 billion in gross merchandise volume and raked in $1.8 billion in revenue. Revenue for the Marketplace segment ticked upward 5% on a currency-neutral basis and 2% on a reported basis driven by a 4% increase in gross merchandise volume on a currency-neutral basis or 2% on a reported basis.

StubHub’s gross merchandise volume grew 23% to $1.1 billion, while its revenue increased 32% to $263 million. eBay noted strength in concerts, theater and baseball, plus continuing benefits from ongoing innovation in its products. The company’s Classifieds platforms recorded a 14% increase in revenue on a currency-neutral basis, bringing it to $197 million, with the Automotive and Real Estate sections seeing the greatest strength.

“In Q3 we delivered good top- and bottom-line financial results, led by consistent performance across our business,” eBay President and Chief Executive Officer Devin Wenig said in a statement. “We continued to transform the shopping experience on eBay, delivered more personalization capabilities and began to activate our updated brand messaging.”

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