Ebay posted its fourth-quarter revenue of $2.4 billon. This shows a 16% increase over the same period last year.
“We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional performance at PayPal and turnaround progress and momentum in our core Ebay business,” said Ebay resident and CEO John Donahoe. “PayPal significantly expanded its presence globally and, for the first time, processed more than $20 billion in total payment volume in a quarter. Gross merchandise volume and sold items accelerated for the third consecutive quarter. We are starting 2010 with significant progress against our three-year growth strategies for PayPal and Ebay and a clear focus on our priorities going forward.” Read more
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