News Column

eBay Earnings Jump 31%

July 21, 2011

Andy Goldberg

eBay reported a 25 percent rise in second-quarter revenue to $2.8 billion as net income rose 31 percent to $283 million.

The results were driven by the strong performance of eBay's Paypal online payments division which saw its first billion-dollar-revenue quarter, and amassed 100 million active registered accounts, a 15 percent increase over the year-ago period. The business' total payment volume grew 34 percent to $28.7 billion, eBay said.

On the company's online auction sites saw gross merchandise volume increase by 17 percent compared to the year ago period to $14.7 billion, with sales rising 14 percent in the U.S. and 19 percent internationally.

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Source: Copyright (c) 2011, dpa, Berlin

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