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| Version 1 | Version 2 |
|---|---|
| EBay profit falls after PayPal split | EBay profit falls after PayPal split |
| (35 minutes 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 but the company points out if changes to the level of exchange rates are stripped out, volume was up 6%. | |
| It makes 50% of profits outside the US. | |
| 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. | 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." |