|Company Name:||eBay Inc|
|Event Title:||Q2 2013 Earnings Call Transcript|
|Event Time:||05:00 PM ET|
Good day, ladies and gentlemen, and thank you for standing by and welcome to eBay Second Quarter 2013 Earnings Call. At this time, all participants are in a listen-only mode. Later we'll conduct a question and answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's conference may be recorded. Its now my pleasure to turn the floor over to Tom Hudson, Vice President Investor Relations. Please go ahead.
Vice President, Investor Relations
Good afternoon. Thank you for joining us and welcome to eBay's earnings release conference call for the second quarter of 2013. Joining me today on the call are John Donahoe our, our President and Chief Executive Officer and Bob Swan, our Chief Financial Officer. We're providing a slide presentation to accompany Bob's commentary during the call. All growth rates mentioned in John and Bob's prepared remarks represent year-over-year comparisons unless they clarify otherwise.
This conference call is also being broadcast on the Internet. And both the presentation and call are available through the IR section of eBay's website at http://investor.ebayinc.com. In addition, an archive of the webcast will be accessible for 90 days through that same link. Before we begin, I'd like to remind you that during the course of the conference call, we will discuss some non-GAAP measures and talk about our company's performance.
You can find a reconciliation of those measures to the nearest comparable GAAP measure in a slide presentation accompanying the call. In addition, management will make forward-looking statements, relating to our future performance that are based on our current expectations, forecast and assumptions and involve risks and involve risks and uncertainties. These statements include, but are not limited to statements regarding expected financial results for the third quarter and full year 2013 and the future growth in the Payments, Marketplaces and eBay enterprise businesses.
Our actual results may differ materially from those discussed in the call for a variety of reasons including but not limited to changes in political, business and economic conditions, foreign exchange rate fluctuations, our need to successfully react to the increased increasingly importance of mobile payments and commerce and increasing social aspects of commerce and increasingly competitive environment for our businesses, the complexities of managing an increasingly large enterprise with a broad range of businesses at different stages of maturity, our need to manage regulatory tax and litigation risks including risks specific to PayPal and bill me later and our need to timely upgrade and develop our systems, infrastructure and customer service capabilities at a reasonable cost while maintaining sites stability and performance and adding new products and features.
You can find more information about the factors that could affect our operating results in our most recent annual report on our Form 10-K and our subsequent quarterly reports on Form 10-Q available at http://investor.ebayinc.com. You should not rely on any forward-looking statements. All information in this presentation is as of July 17, 2013 and we do not intend and undertake no duty to update it. With that, let me turn the call over to John.
President and Chief Executive Officer
Thanks, Tom, good afternoon everyone, and welcome to our Q2 earnings call. We had a strong second quarter enabling $51 billion of Commerce Volume up 21%. Revenue was up 14% and non-GAAP EPS was up 12% and double-digit active user growth continued to accelerate for both eBay and PayPal . Our second quarter and first half performance underscores our company's strengths and opportunities. Led by mobile, our commerce revolution is underway and we're well-positioned to capitalize on the accelerated changes happening globally.
We're a mobile commerce leader adding more than 3 million new customers in Q2 through mobile. eBay and PayPal each expect to do $20 billion of mobile commerce and payments volume this year. And our global commerce platforms are a competitive advantage enabling commerce to happen any time, anywhere.
In Q2, we generated $11 billion of cross border trade to our platforms, 22% of total enabled commerce volume for the quarter. With our technology assets and capabilities, we are enabling new retail interfaces. For example, our partnership in Q2 with Kate Spade Saturday reimagined reimagine the storefront window as a 7/24 shopable screen. We're also creating diverse new consumer experiences from ordering online and picking up in store to ordering via mobile and having the product delivered to you wherever you are.
To ordering launch ahead and skipping a long line innovation is everywhere and the seamless web enabled omnichannel multiscreen commerce environment is rapidly emerging. We intend to be a leader in this new commerce world. Before getting into our second quarter results let me briefly recap three things we share with you at our investor day earlier this year. First with technology accelerating change in how consumer shop our company has a bigger addressable market, the $10 trillion commerce market by 2015 we expect to enable $300 billion in commerce volume up from a 175 billion in 2012. This is one of the ways we will measure our success.
Second, our core businesses are strong we've proven monetization models and we've built a powerful set of technology and innovation capabilities. And third we see four emerging battlegrounds of omni-channel commerce, mobile, local, global and data. And our global commerce platform technology assets and innovation capabilities leave us well-positioned to lead and compete. We have clear strengths, opportunities and capabilities in each area. In this environment both retailers and brands need a partner and that's who we are a partner, not a competitor.
Our success is strongly tie to enabling others to win whether an entrepreneur or a global brand. Commerce is never a zero sum gain and in this period of disruption and innovation we believe technology should enable more opportunity for everyone.