eBay reported financial results for its quarter ended June 30, 2003. eBay reported record consolidated Q2-03 net revenues of $509.3 million, up 91% year-over-year. Gross profit was a record $410.1 million, or 81% of net revenues, which was down from the 83% level reported in Q2-02, reflecting the increased contribution of the lower margin PayPal business.

"Q2 was another great quarter for eBay," said Meg Whitman, president and CEO of eBay. "Our thriving community of buyers and sellers continues to spread the word that eBay is a great place to trade, build a business, make friends and have fun."

eBay's Board of Directors approved a two-for-one split of all outstanding shares of the company's common stock, payable August 28, 2003 to stockholders of record on August 4, 2003.

Other key metrics were announced, including:

Active users, the number of users on the eBay platform who bid, bought or listed over the trailing twelve months, increased to 34.1 million, a 57% increase over the 21.8 million active users for the same period a year ago. eBay hosts approximately 110,000 stores, with slightly more outside the US than on eBay.com.

Listings totaled a record 225 million in Q2-03, 55% higher than the 145 million in Q2-02. Gross Merchandise Sales, the total value of items sold, was a record $5.6 billion, representing a 66% year-over-year increase from the $3.4 billion reported in Q2-02.

Based on Q2-03 GMS, eBay has nine categories that deliver more than $1 billion in worldwide annualized GMS: eBay Motors at $6.3 billion; Consumer Electronics at $2.0 billion; Computers at $2.0 billion; Books/Movies/Music at $1.6 billion; Sports at $1.5 billion; Clothing and Accessories at $1.3 billion; Collectibles at $1.1 billion; Toys at $1.0 billion; and Home & Garden at $1.0 billion.

eBay's fixed price trading contributed approximately $1.51 billion or 27% of total GMS during Q2-03, primarily from eBay?s "Buy It Now" feature. Pure fixed price, which allows sellers to offer items for a set price rather than in an auction format, accounted for 11% of eBay's global GMS.