EBay Inc., the world's largest online auctioneer, said earnings rose for the fourth straight quarter after higher fees increased auction revenue and its PayPal unit added more corporate customers.
Second-quarter net income climbed 50 percent to $375.8 million, or 27 cents a share, from $250 million, or 17 cents, a year earlier, San Jose, California-based EBay said today in a statement. Sales advanced 30 percent to $1.83 billion.
EBay reduced clutter on the site and boosted average revenue per listing by raising auction fees last year. That discouraged users from posting items that were unlikely to sell. Sales at the PayPal payment-processing unit rose as more people outside the U.S. and more companies used the service.
Source: Bloomberg
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