eBay projects global commerce volume will be worth $300 billion in 2015

The online auction giant has set a major goal to more than double its total commerce and payment volume targets within the next two years.
Written by Rachel King, Contributor

eBay revealed a handful of multi-billion dollar goals it plans to achieve by 2015, including more than doubling the value of its global e-commerce portfolio.

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Announced amid the eBay's Analyst and Investor Day event, company leaders outlined a three-year growth strategy designed to drive core business growth.

When all is said and done, eBay plans to enable at least $300 billion in global commerce, up from $175 billion in 2012.

That figure is comprised of the total commerce and payment volume across all three of eBay's core business units: Marketplaces, PayPal and GSI.

Furthermore, the San Jose-based business plans to grow revenue to fall within the range of $21.5 billion to $23.5 billion in 2015 (up by more than 50 percent from $14.1 billion last year) with non-GAAP earnings per share to increase by 15 to 19 percent.

eBay president and CEO John Donahoe explained during the event at its headquarters on Thursday that this will be accomplished primarily by rolling out new mobile and local e-commerce experiences for consumers and retailers.

Led by mobile, a commerce revolution is under way. Technology is creating a new web-enabled retail interface, a new seamless, multiscreen commerce experience that connects consumers anytime, anywhere. This will expand shopping beyond conventional store environments and e-commerce sites. How we shop is being transformed, and eBay Inc. intends to be a leader in this new commerce world.

Donahoe noted that eBay expects mobile commerce and payments volume alone to be worth $20 billion within the next two years.

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