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PayPal and Marketplaces aid growth

eBay sees third-quarter revenue increase

Online retailer eBay has revealed strong third-quarter sales in its latest Financial Highlights, thanks in part to PayPal and Marketplaces.

Net profits grew by 14 per cent in the period, while new revenues rose 15 per cent to $3.4bn.

Growth through PayPal and eBay Marketplaces contributed to profits, with new users taking up accounts:

Ebay’s CEO John Donahoe said: “We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth.

"Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments.

"With our strong portfolio and global reach, we are consistently demonstrating our capabilities to help consumers shop anytime, anywhere. And we are enabling retailers of all sizes to compete in a rapidly evolving, multichannel commerce environment.”

The firm says PayPal has achieved growth through increasing focus on simplifying and improving the customer experience. Similarly, it’s invested in improving buyer and seller experiences in Marketplaces, too.

Digital marketing and e-commerce firm GSI, which eBay bought last year, performed in line with expectations. 

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