Segments

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segments

Segments

We have three reportable segments: Marketplaces, Payments and Enterprise. We allocate resources to and assess the performance of each reportable segment using information about its revenue and operating income (loss). We do not evaluate operating segments using discrete asset information. We do not allocate gains and losses from equity investments, interest and other income, or taxes to our reportable segments.

During the first quarter of 2014, we changed our reportable segments based upon changes in our organizational structure which reflect the integration of our Magento platform into our Enterprise segment. Prior to this change, Magento was reported in corporate and other. Also during the quarter, we revised our internal management reporting of certain Marketplaces transactions to align more closely with our related operating metrics. Related to this change, we reclassified our Marketplaces vehicles and real estate revenues from net transaction revenues to marketing services and other revenues. Prior period amounts have been revised to conform to the current period segment reporting structure.

The corporate and other category includes income, expenses and charges such as:

• results of operations of various initiatives which support all of our reportable segments;

• corporate management costs, such as human resources, finance and legal, not allocated to our segments;

• amortization of intangible assets;

• restructuring charges; and

• stock-based compensation expense.

The following tables summarize the financial performance of our reportable segments and provides a reconciliation to our consolidated operating results for the periods reflected below:

	Three Months Ended March 31,
	2014			2013
	(In millions)
Net Revenue
Marketplaces
Net transaction revenues	$	1,727		$	1,554
Marketing services and other revenues	428			403
	2,155			1,957
Payments
Net transaction revenues	1,700			1,435
Marketing services and other revenues	145			113
	1,845			1,548
Enterprise
Net transaction revenues	208			186
Marketing services and other revenues	61			62
	269			248
Elimination of inter-segment net revenue (1)	(7		)	(5		)
Total consolidated net revenue	$	4,262		$	3,748
Operating income (loss)
Marketplaces	$	856		$	823
Payments	475			374
Enterprise	13			(1		)
Corporate and other	(466		)	(396		)
Total operating income (loss)	$	878		$	800

(1) Represents revenue generated between our reportable segments.