EBAY: eBay's Marketplaces Growth Picks Up As PayPal's Surge Continues

eBay's Marketplaces Growth Picks Up As PayPal's Surge Continues
by Trefis

eBay (EBAY) reported its earnings for Q3 2012 on Wednesday. Revenue grew 15% year-over-year to $3.4 billion and net profit increased to $718 million, up 14% year-over-year. The company credits its m-commerce and mobile payment initiatives as the primary driver of growth. Payment revenue once again led the growth with a 23% increase while marketplace followed at 10%. eBay competes primarily with Google (GOOG), Square, Intuit GoPayment and other competitors in the payments space, and Amazon (AMZN) in e-commerce. read more »

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