John Donahoe Discusses Q2 Results on CNBC
By: Cicely Wedgeworth
eBay Inc. CEO John Donahoe joined CNBC this morning to discuss the company’s strong Q2 results, in a segment entitled “eBay On a Roll.”
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Donahoe also discussed the influence of mobile in offline shopping, why physical wallets may be outdated in three years, and why eBay is seeing strong performance in Europe despite economic uncertainty there.