Page last updated at 22:22 GMT, Wednesday, 22 April 2009 23:22 UK

Ebay suffers further profits fall

eBay logo
EBay is trying to make selling and buying items easier.

Profits and income at online auction giant eBay have fallen for the second consecutive quarter as it continued to be struggle amid the weak economy.

It made a net profit of $357.1m (£247m) in the first three months of 2009, from $460m in the same period a year before.

Overall sales on the auction site - not including vehicle sales - were down 16%, though growth at Skype and PayPal meant overall sales fell by only 8%.

However eBay's shares rose, as the results beat expectations of analysts.

The strong dollar also played a part in eBay's falling profit, but the company has said it is looking to areas more within its control to try and improve performance - including making it easier to buy and sell items on its website.

The company also wants to improve security, in the hope of winning more confidence among potential users.

Last week eBay acknowledged that Skype - the web telephone business for which it paid $2.6bn in 2005 - did not fit in with the rest of the company, and would be sold off.

Print Sponsor

EBay looks to buy Korea's Gmarket
16 Apr 09 |  Business
EBay plans Skype public listing
14 Apr 09 |  Business
L'Oreal takes action against eBay
09 Mar 09 |  Business
eBay sees profit and revenue drop
22 Jan 09 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific