eBay’s third-quarter 22 per cent revenue and earnings increase was driven by the company’s PayPal business.
The revenue for the fiscal third quarter ended September 30, increasing by 1 per cent to $2.2 billion.
“We delivered strong third quarter results, with great performance at PayPal and stable results at eBay,” John Donahoe, eBay Inc. president and CEO, said.
“PayPal gained share globally and eBay continued to improve key metrics. Our company is strong and we are managing our global portfolio to balance strengths, challenges and opportunities, invest in growth and deliver consistent performance.”
PayPal ended the quarter with 90 million active accounts worldwide adding more than a million new accounts each month during the quarter. And for the fourth consecutive quarter, Merchant Services net total payment volume grew 40 per cent or more year over year.
The Marketplaces business continued to make progress in improving the customer experience and drove customer-focused innovation in key areas, including mobile commerce and fashion. Sold items, excluding Gmarket, were up almost 13 per cent year over year and accelerated in the US and UK.