Segments (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Revenue by Type

Segment net revenue and operating income for the three and six months ended June 30, 2019 and 2018 were as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net Revenues
Marketplace
Net transaction revenues	$	1,887		$	1,837		$	3,772		$	3,629
Marketing services and other revenues	270			298			547			608
Total Marketplace	2,157			2,135			4,319			4,237
StubHub
Net transaction revenues	243			240			466			471
Marketing services and other revenues	21			6			28			7
Total StubHub	264			246			494			478
Classifieds (1)	271			259			527			505
Elimination of inter-segment net revenue (2)	(5		)	—			(10		)	—
Total consolidated net revenue	$	2,687		$	2,640		$	5,330		$	5,220
Operating income (loss)
Marketplace	$	691		$	639		$	1,463		$	1,327
StubHub	11			5			37			36
Classifieds	102			98			194			185
Corporate and other costs	(243		)	(336		)	(524		)	(563		)
Total operating income	561			406			1,170			985
Interest and other, net	(51		)	301			13			269
Income before income taxes	$	510		$	707		$	1,183		$	1,254

(1) Classifieds net revenues consists entirely of marketing services and other revenue.

(2) Represents revenue generated between our reportable segments.

Schedule of Revenue by Geographic Area

The following table summarizes the allocation of net revenues based on geography for the three and six months ended June 30, 2019 and 2018 (in millions):  

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
U.S.	$	1,057	$	1,055	$	2,115	$	2,129
Germany	393		407		777		799
United Kingdom	369		369		725		725
South Korea	300		304		598		587
Rest of world	568		505		1,115		980
Total net revenues	$	2,687	$	2,640	$	5,330	$	5,220