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eBay Has Strong Third-Quarter Thanks to PayPal

eBay released its third quarter financial numbers and thanks to the strong growth of its PayPal division, both its revenue and net income increased.

 

In the third-quarter of 2010, eBay made $2.238 billion in revenue, which was actually up 1% from the same quarter in 2009.

 

While eBay's marketplace business generated $1.41 billion in revenue, PayPal's revenue topped $838 million, a rise of 22%. From these numbers, analysts predict PayPal will be the company's top revenue driver in just a few years. And with PayPal's recent release of their photo-based check-depositing app for the iPhone, PayPal continues to innovate new ways to move towards success.

 

Do you think eBay would be able to financially exist without PayPal?

 

 

  

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