According to the Wall Street Journal. Ebay made a strong third quarter.
EBay’s net income ended at $ 431,900,000 in the third quarter, up from $ 350,000,000 a year earlier. The sales for the period ended at 2.25 billion dollars.
The biggest reason for the companys net income increased due to increased sales of the company’s payment service, Paypal.
PayPal’s have increased with 22 percent and ended at $ 838,000,000. At the end of the third quarter, Paypal 90 million active user accounts worldwide, have increasing by more than one million new accounts each month.
The total volume of PayPal’s transactions increased by 26 percent to 22.4 billion compared to same period last year.