This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-34599745
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| EBay profit falls after PayPal split | EBay profit falls after PayPal split |
| (about 1 hour later) | |
| EBay's profits for the third quarter of the year fell slightly in the wake of its split from lucrative and faster growing payments business PayPal. | EBay's profits for the third quarter of the year fell slightly in the wake of its split from lucrative and faster growing payments business PayPal. |
| The internet trading platform said revenue fell by 2.4% to $2.1bn (£1.36bn) from $2.15bn last year. | |
| EBay makes 50% of its profits outside the US, and the company points out if changes to the level of exchange rates are stripped out, revenues were up 6%. | |
| Net income fell to $539m from $673m a year earlier. | Net income fell to $539m from $673m a year earlier. |
| Ebay celebrated 20 years in business this year. It split its PayPal business into a separate company in July. | Ebay celebrated 20 years in business this year. It split its PayPal business into a separate company in July. |
| The company, which has 159 million active buyers, said its classifieds and StubHub ticket re-sale businesses had both had strong quarters and remained key company assets. | The company, which has 159 million active buyers, said its classifieds and StubHub ticket re-sale businesses had both had strong quarters and remained key company assets. |
| The results sent shares in eBay up almost 9% in after hours' trading. | |
| EBay's president and chief executive, Devin Wenig, said: "We... marked eBay's 20th anniversary and made progress on executing our strategy to reposition the company to deliver stable and profitable long-term growth." | EBay's president and chief executive, Devin Wenig, said: "We... marked eBay's 20th anniversary and made progress on executing our strategy to reposition the company to deliver stable and profitable long-term growth." |