eBay reported financial results for the second quarter, ended June 30, 2004. eBay said it had 48 million active registered users at the end of the second quarter, and Gross Merchandise Volume (formerly called Gross Merchandise Sales, the total value of all successfully closed listings on eBay's trading platforms) was $8 billion. eBay's gross profit was $626.9 million, or 81% of net revenues.

eBay's fixed-price trading contributed approximately $2.2 billion or 27% of total GMV during Q2-04, primarily from eBay's "Buy It Now" feature. At the end of Q2-04, eBay hosted approximately 181,000 stores worldwide, with approximately 121,000 stores hosted on the U.S. site.

Based on Q2-04 Gross Merchandise Volume (GMV), eBay has twelve categories that deliver $1 billion or more in worldwide annualized GMV:

eBay Motors at $9.8 billion
Consumer Electronics at $2.5 billion
Computers at $2.4 billion
Clothing and Accessories at $2.2 billion
Books/Movies/Music at $2.1 billion
Sports at $2.0 billion
Home & Garden at $1.6 billion
Collectibles at $1.4 billion
Toys at $1.3 billion
Jewelry & Watches at $1.2 billion
Cameras & Photo at $1.1 billion
Business & Industrial at $1.1 billion

eBay reported record consolidated Q2-04 net revenues of $773.4 million, up 52% year over year; operating income of $253.9 million, up 108% year over year; and pro forma operating income of $275.6 million, up 99% year over year. Operating income was 33% of net revenues and pro forma operating income was 36% of net revenues. Consolidated net income in Q2-04 was $190.4 million, or $0.28 per diluted share. eBay's pro forma consolidated net income, excluding certain items, was $197.7 million, or $0.29 per diluted share. These results exceeded the company's guidance of $760 million for net revenues, $0.24 for earnings per diluted share and $0.26 for pro forma earnings per diluted share.

"Q2 was another great quarter for eBay, and we're more confident than ever in the long-term potential of our business," said Meg Whitman, President and CEO of eBay. "In light of typical seasonality, we continued to gain momentum thanks to the enormous dedication of our global community."

eBay also announced that it, PayPal and AT&T have reached agreement and are entering into a Stipulated Order of Dismissal regarding their patent infringement lawsuit in United States District Court in Delaware. The parties have agreed to keep the details of their arrangement confidential. eBay does not believe that the terms will result in a material impact on its results of operations or cash flows.

For the full announcement, visit eBay's Investor Relations Press Release page at http://investor.ebay.com/releases.cfm?Year=2004, where you can download a PDF version of eBay's press release. eBay's full filing can be found at the Securities and Exchange Commission Web site at http://www.sec.gov

Links to some media coverage of eBay's financial release:

Bloomberg: http://digbig.com/4bkqj

Wall Street Journal (Paid registration required): http://digbig.com/4bkqp

Investor's Business Daily: http://digbig.com/4bkqk

TheStreet.com: http://digbig.com/4bkqm

Associated Press (via Seattlepi.com): http://digbig.com/4bkqn