Escrow.com has just released its half-year results where GPV was an all-time record with $475.3m, up 48.0% on pcp or US$366.7m, up 73.3%.
The second quarter was particularly strong, with an all-time record GPV of $270.5 million (up 75.0% on pcp, unaudited) or US$208.5 million (up 105.5% on pcp, unaudited).
Ex-China, GPV was also at an all-time record of US$199.6 million (up 113.1% on pcp). Revenue in the half year was also an all-time record revenue of $5.1 million (up 33.7% on pcp) or US$3.9 million (up 56.9% on pcp).
The Escrow.com’s growth in second half GMV (USD) was driven by:
- Motor vehicles, up 210% on pcp.
- Online (domains, websites), up 77% on pcp
- General merchandise up 42% on pcp
- Services up 37% on pcp
- Luxury (watches), up 18% pcp
- Overall up 73.3% on pcp
In 2Q21 GMV (USD) had notable performances from online (domains, websites) (up 154% on pcp), motor vehicles (up 151% on pcp) and services (up 40% on pcp), for a total increase in GMV of 105.5% on pcp. eBay Watches launched into production in April 2021; Escrow.com expects further growth in the luxury category in 2H21.
Here is the full report:
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