As in the investors’ Q&A session that followed the earnings call yesterday, mobile commerce dominated the segment.

“I think it’s very hard to underestimate the impact of the mobile revolution,” Donahoe said.

“We made a very big bet on mobile three or four years ago, and it’s really paying off,” he added. “Ninety million people have now downloaded the eBay mobile app, and we’ll do over $10 billion of volume on our mobile apps this year.”

Donahoe also discussed the influence of mobile in offline shopping, why physical wallets may be outdated in three years, and why eBay is seeing strong performance in Europe despite economic uncertainty there.

You can watch his clip below.

Marketplaces delivered outstanding performance, with overall business results reflecting the company’s commitment to innovation and global commerce enablement.

On Wednesday, July 18, eBay Inc. reported strong results for the second quarter of 2012, with revenue up 23 percent to $3.4 billion, compared to Q2 2011. Net income on a GAAP basis was $692 million, or $0.53 per diluted share, and non-GAAP net income was $730 million, or $0.56 per diluted share.

These results demonstrate the company’s bold commitment to innovation, especially in the area of mobile commerce, where eBay Inc. continues to hold a decisive lead. The company is also expanding its reach into new and emerging markets around the world.

The company delivered solid performance in every area of the business. eBay Marketplaces posted its strongest quarter since 2006, increasing engagement among existing customers, while adding new buyers and sellers. PayPal continues its strong growth, with increased focus on consumer experience and innovative global payment solutions. GSI continues to build its portfolio of large retailers. And X.commerce – eBay’s open commerce ecosystem – is empowering merchants of all sizes to compete in a challenging global marketplace.

Highlights from Across the Business

Marketplaces, PayPal and GSI turned in strong growth for the second quarter. Here are some of the highlights:

Marketplaces Mojo

The Marketplaces business achieved its strongest organic growth rate in core GMV since 2006. In Q2, core GMV accelerated two percentage points on an FX-neutral basis to 15 percent.

Consider these other Marketplaces milestones:

• -     Sold items increased 20 percent compared to Q2 of last year, with strong growth in active buyers
• -     U.S. GMV, excluding vehicles, increased 14 percent over Q2 of last year
• -     International GMV, excluding vehicles, increased 16 percent on an FX-neutral basis year over year, driven by strong growth in Europe and the APAC region
• -     Downloads of eBay’s suite of mobile apps have surpassed 90 million globally since the launch of mobile in the third quarter of 2008

“eBay had a great Q2 — the best we’ve seen in years,” said eBay Inc. President and CEO John Donahoe. “Our multi-year focus to transform and reposition this business for the future is paying off. We’ve improved trust, enhanced value and selection, built better product experiences and become more customer focused.”

“As a business, Marketplaces managed to deliver ahead of budget on GMV, revenue and operating income,” said Global Marketplaces President Devin Wenig, who noted that performance was very strong in North America and across Fashion and Parts & Accessories vertical categories. He also pointed out that Asia’s Marketplaces results were outstanding, with pronounced improvement in Korea and excellent results from eBay Australia.

“In Europe, there was continued strength in the U.K., and solid double digit growth in Germany,” Devin added. “We also saw Italy up 16 percent, after site improvements that directly led to that result.”

eBay Marketplaces continues to lead in the area of mobile commerce, where volume is expected to double in 2012 from a year ago.

In addition, Marketplaces is boosting its cross-border business, delivering a seamless and borderless multichannel shopping experience to merchants of all sizes and customers around the world.

eBay Marketplaces is making great strides in local and social commerce, leveraging a portfolio of innovative apps, including RedLaser and Milo, to drive local commerce, and integrating social features to create more personalized shopping experiences.

StubHub also enjoyed stellar performance in Q2 thanks to a continued focus on selection and social integration. Ticket sales for the quarter reached $575 million, up 38 percent over last year. The business also opened its doors to global shoppers, launching its first international website in England.

PayPal Delivers Again

In the second quarter, PayPal’s revenue increased 26 percent year over year, driven by strong product innovation and a focus on global commerce. For the third consecutive quarter, more than half of PayPal’s revenue came from outside the U.S.

There are now 113.2 million active registered PayPal accounts, a 13 percent increase over the second quarter of 2011, and PayPal’s net total payment volume (TPV) grew 20 percent year over year to $34.5 billion. Simply put, more people are paying with PayPal, and more merchants are integrating PayPal payments both online and offline. Here are several notable milestones for PayPal in Q2:

•      – Merchant Services TPV grew 26 percent on an FX-neutral basis, driven by PayPal’s expansion on global merchant sites, and increased share of checkout
•      – Sixteen large, brand-name U.S. retailers have announced their intent to work with PayPal on point-of-sale initiatives
•      – Bill Me Later’s TPV was up 39 percent in Q2, driven by strong penetration on and off eBay

PayPal continues to deliver solid performance due to its commitment to innovation and global expansion. In particular, PayPal Mobile continues to drive significant growth around the world.

Among the key success drivers this quarter, PayPal increased its penetration on eBay (up 420 basis points year over year) and benefited from strong merchant and consumer adoption.

Merchants are also responding favorably to PayPal’s initiatives in the offline payments arena. In Q2, PayPal announced 15 retailers in addition to Home Depot who will be implementing the point of sale product. Bill Me Later also continues to grow rapidly.

PayPal Here – which enables small merchants to accept payments using their iPhones or Androids – is also expanding to new markets around the world, helping sellers of all sizes compete to win in local and global marketplaces.

GSI Commerce Steps Up

eBay Inc.’s GSI Commerce business, acquired in the second quarter of last year, contributed $221 million in revenue for Q2 of this year, and generated $674 million in global ecommerce (GeC) merchandise sales during the quarter. Same store sales rose 21 percent year over year, which reflects strength in ecommerce sales from GSI’s retail clients.

During the Q2 2012 Earnings Call, eBay Inc. SVP and CFO Bob Swan noted that GSI Commerce is becoming more profitable. “GSI’s profitability is improving as we capitalize on the synergies we laid out at the time of the acquisition,” he said.

GSI represents a key facet of eBay Inc.’s strategic vision, enabling the company to partner with large retailers and supporting global, multichannel commerce.

Mobile Success Dials Up

Mobile shopping and payments are the headline story. eBay Inc.’s investments in mobile technology are paying off. Mobile volume is expected to double in 2012 versus a year ago. The company’s mobile apps have been downloaded more than 90 million times.

Consider these milestones:

• -     Sellers are listing 1.9 million items on mobile devices each week
• -     A woman’s handbag is purchased every 30 seconds on eBay Mobile
• -     More than 8,200 cars and 340,000 car parts are sold each week through eBay Mobile
• -     Mobile continues to attract new customers – 600,000 new customers in Q2 made their first purchase with eBay Inc. on eBay mobile

eBay Inc.’s portfolio of mobile apps is enabling multichannel commerce around the world, allowing customers to shop anytime, anywhere and from any device, while helping merchants of all sizes compete more aggressively in both local and global markets.

Great Expectations

eBay Inc. looks forward to strong continued performance and growth. The company’s unwavering commitment to innovation, engaging selling and buying experiences and global expansion into new and emerging markets are strengthening the company’s position as the most trusted online marketplace in the world.

For those interested in following the entire conversation on StockTwits, go to http://stocktwits.com/symbol/EBAY.

This Twitter session contains forward-looking statements relating to our future performance that are based on our current expectations, forecasts and assumptions 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 2012 and the future growth in the Payments, Marketplaces and GSI businesses.

Our actual results may differ materially from those included in this presentation for a variety of reasons, including, but not limited to; changes in political, business, and economic conditions; foreign exchange rate fluctuations; changes to capital allocation, including increasing liquidity above current levels; the impact and integration of recent and future acquisitions; our need to successfully react to the increasing importance of mobile payments and mobile commerce and the social aspect of commerce; an increasingly competitive environment for our businesses; the complexity of managing an increasingly large enterprise, with a broad range of businesses; our need to manage regulatory, tax and litigation risks (including risks specific to PayPal and Bill Me Later); and our need to to timely upgrade and develop our systems, infrastructure, and customer service capabilities at reasonable cost while maintaining site stability and performance and adding new products and features.

You can find more information about factors that could affect our operating results in our most recent annual report on 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, and we assume no obligation to update them. All information in this presentation is as of July 18, 2012, and we do not intend, and undertake no duty, to update this presentation.

This twitter session may make forward-looking statements relating to our future performance that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties, including those relating to the company’s ability to grow its businesses, user base and user activity.

Our actual results may differ materially from those discussed in this call for a variety of reasons, including, but not limited to, the impact of recent global economic events and the global economic downturn; foreign-exchange-rate fluctuations; changes in political, business, and economic conditions; the impact and integration of recent and future acquisitions; our increasing need to grow revenues from existing users in established markets; an increasingly competitive environment for our businesses; the complexity of managing a growing company with a broad range of businesses, our need to manage regulatory, tax, IP and litigation risks (including risks specific to PayPal and the financial industry, and risks specific to Skype’s technology and to the VoiP industry); and our need to upgrade our technology and customer service infrastructure at reasonable cost while adding new features and maintaining site stability.

You can find more information about 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.ebay.com). You should not unduly rely on any forward-looking statements, and we assume no obligation to update them. All information in this twitter session is as of April 22, 2009, and we do not intend, and undertake no duty, to update this presentation.