EBay revenue lifted by PayPal

EBay revenues rose by 25% in second quarter of this year, boosted by a strong performance by its payments platform PayPal.

/o/y/r/NMAlogo.jpg

Total revenue for the three months to June 30 was $2.76bn (£1.7bn), up from $2.22bn (£1.4bn) for the same period last year.

PayPal revenues exceeded a billion dollars for the first quarter ever, rising by 31% to $1.1bn (£680m) – roughly 40% of the total. EBay said there are now 100.3m active PayPal accounts.

Despite the revenue growth the company posted a 31% decline in profit to $283.4m (£175m), due in part to the company’s recent acquisition spree. During the period it bought mobile payment companies Fig Card and Zong, as well as completed its deal for ecommerce specialist GSI Commerce.

The company also said downloads of its suite of mobile apps has now exceeded 45m.
EBay Inc. President and CEO John Donahoe said the acquisitions showed the company’s focus on providing a seamless multiplatform retail experience.

“We will partner with retailers of all sizes to help them grow in a rapidly shifting, technology-driven multichannel commerce environment, and we will help consumers shop and pay anytime, anywhere, any way,” he said.

This story first appeared on New Media Age. For more digital stories and analysis from NMA click here now

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here