Eyeing E-Commerce
Net revenue surged 85% year-over-year to $1.12 billion. Net income rose to $15 million or .28 cents per share versus a loss of 97 cents in the year ago quarter. The consensus estimates were for revenue of $972 million and earnings of .17 cents. Unique active users jumped 92.2% to a total of 76.1 million, while gross merchandise volume (GMV) rose to $5.9 billion on an increase of 62.1% in U.S. dollars and 117.1% in local currency.
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