Small Business News

eBay Sees Revenue Increase In Q4

eBay just reported its earnings for Q4, with an 18% year-over-year increase in revenue, hitting $4 billion for the quarter.

For the full year, eBay’s revenue increased 21% to $14.1 billion.

CEO Joe Donahoe said, “We had a great finish to an excellent year, with fourth quarter results exceeding our expectations. eBay Marketplaces in particular had a terrific fourth quarter, with growth in the U.S. accelerating three points, outpacing ecommerce.”

“Mobile continues to rewrite the commerce playbook, and we continue to be a mobile commerce and payments leader,” he added. “eBay mobile finished the year with $13 billion in volume – more than double the prior year – and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year. In 2013, we expect each to exceed $20 billion.”

This week, PayPal announced some big partnerships which will see it become a payent option in thousands of major retail stores throughout the U.S.

“Web-enabled multichannel commerce is evolving quickly, and consumer shopping behavior is changing rapidly,” said Donahoe. “Our focus is on being a global commerce leader in this new environment, connecting buyers and sellers everywhere, and being a preferred multichannel partner of choice for retailers and brands of all sizes.”

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