Strong PayPal saves eBay quarterly results
Published 18/07/2014 | 02:30
The online auction firm's revenues rose 13pc to €3.2bn ($4.4bn) in the three months from April to June, compared to €2.9bn ($3.9bn) for the same period 12 months earlier.
It recorded a €500m ($676m) profit for the quarter compared with €474m ($640) a year ago.
The company had been expected to post weak results due to a succession of setbacks during the year, including a hacking attack that compromised the data of 145 million eBay customers.
"We had a challenging quarter with several distractions," eBay said in an online investor presentation that accompanied its results.
Some analysts said a change in Google's algorithm in the quarter may also have pushed eBay results lower in search rankings, leading to slower traffic.
Total payment volume leapt a better-than-expected 29pc in the period. Gross merchandise value, a measure of ecommerce transactions across its main Marketplaces platform, grew 12pc, in line with or slightly better than analysts' forecasts.
Last month, PayPal announced a plan to add 400 jobs to its call centre in Dundalk.
It said it hoped to increase employee numbers 1,850 by 2018.