eBay Inc. (NASDAQ:EBAY) has reported their first quarter financial results today. Their revenues have increased 16% to $2.5 billion compared to the same period last year. And their profits have soared by 20% to $475.9 million. eBay met the expectations of analysts for this period.
“In the first quarter, PayPal continued to drive strong growth globally, eBay sharply accelerated growth in the U.S., and we announced several acquisitions that we believe will enhance our leadership and innovation in commerce and payments. The year is off to a strong start,” stated eBay President and CEO John Donahoe.