eBay third quarter sales and profits rise

eBay has reported a rise in third quarter sales and profits- as more consumers used it’s website, as well as its payment service PayPal.eBay third quarter sales and profits riseNet profit for the three months to the end of September rose 14% from a year earlier, to $718 million (£445 million), eBay said.

Net revenues rose 15% to $3.4 billion.

The company has been looking to take advantage of the increasing number of people who use smartphones to shop and pay for products.

“We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth,” chief executive John Donahoe said in a statement.

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

The group forecast sales of between $3.85 billion and $4 billion for the fourth quarter.

October 24, 2012  Tags: , , , , , , , , , , , , , ,   Posted in: Business Growth, Business Profits, Business Sales, Business Win, Digital Business, Ecommerce Business, Global Business, Growing Business, Growing Profits, Growing Sales, Online Business Growth, Online Profits Growth, Online Sales Growth, Technological Businesses, Uncategorized, Winning Websites

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