Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of revenue by type

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net Revenues
Marketplace
Net transaction revenues	$	1,829		$	1,803		$	5,601		$	5,432
Marketing services and other revenues	254			301			801			909
Total Marketplace	2,083			2,104			6,402			6,341
StubHub
Net transaction revenues	286			286			752			757
Marketing services and other revenues	20			5			48			12
Total StubHub	306			291			800			769
Classifieds (1)	265			254			792			759
Elimination of inter-segment net revenue (2)	(5		)	—			(15		)	—
Total consolidated net revenue	$	2,649		$	2,649		$	7,979		$	7,869
Operating income (loss)
Marketplace	$	639		$	637		$	2,102		$	1,964
StubHub	31			31			68			67
Classifieds	109			99			303			284
Corporate and other costs	(247		)	(211		)	(771		)	(774		)
Total operating income	532			556			1,702			1,541
Interest and other, net	(142		)	392			(129		)	661
Income before income taxes	$	390		$	948		$	1,573		$	2,202

(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 nine months ended September 30, 2019 and 2018 (in millions):  

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
U.S.	$	1,089	$	1,084	$	3,204	$	3,213
Germany	364		381		1,141		1,180
United Kingdom	345		363		1,070		1,088
South Korea	288		290		886		877
Rest of world	563		531		1,678		1,511
Total net revenues	$	2,649	$	2,649	$	7,979	$	7,869