eBay Driven profits, revenues increase by payments (PC Magazine)

eBay has continued to register an increasing amount of its revenues from the business of payments as income and profits has strongly increased.

eBay reported income net of 476 million on revenues of 2.55 billion, an increase of 20% and 16%, respectively.

eBay, including PayPal payments business, has increased from 23 per cent of the net income of $ 992 million. Total payment volume totaled 6.02 billion, an increase of 28%.

markets for the eBay kernel segment also grew 12 per cent of the actual income of $ 1.55 billion. Volume of crude goods (GMV) excluding vehicles has increased from 8% to 14 h 50 billion dollars.

"In the first quarter, PayPal has continued to drive strong growth worldwide, eBay has strongly accelerated growth in the United States, and we announced several acquisitions that we believe will enhance our leadership and innovation in trade and payments.". The year is off to a start of fort, "said eBay President and CEO John Donahoe, in a statement.

eBay said that its mobile business was on track to double mobile GMV to eBay to 4 billion in 2011.

eBay expects net revenue in the range of m. $ flood billion for the second quarter, the company said.