eBay Profits Up, Thanks Largely To PayPal

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eBay Profits Up, Thanks Largely To PayPal [bbc.co.uk]

Auction site operator eBay has reported a 26% rise in profits for the last three months thanks largely to increased use of its PayPal service.

Profits for the quarter totalled $412m (£272m), the company said, up from $327m a year ago.

Sales were up 20% internationally, but rose only 2% in the US, demonstrating its reliance on international growth.

Ebay's online payments business, which includes PayPal, saw revenues rise by 22%.

[Digmen1]

The way they worded their report it sounds more like a Paypal report that has an auction site subsidiary (ebay)

And how much of the 2% US growth was due to fee increases !