Page last updated at 21:18 GMT, Wednesday, 22 July 2009 22:18 UK

Falling sales dent eBay profits

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

Online auction giant eBay has reported a fall in profits between April and June of almost one-third, but analysts had expected a sharper fall.

Net profit was $327.3m (£198.6m), down 29% compared with the $460m made in the same period a year ago. Revenue also fell slightly, from $2.2bn to $2.1bn.

The company attributed the fall to the strong dollar and the impact of the global economic downturn.

eBay includes web payments unit PayPal and internet telephone company Skype.

Growth in these two businesses helped to offset a drop in sales in the main online marketplace.

"We drove solid second quarter results, with strong momentum and market share gains at PayPal and continued stabilisation in our core eBay business," said eBay's chief executive John Donahoe.

"I'm pleased with our pace, our progress and our performance," he added.

Print Sponsor

EBay plans Skype public listing
14 Apr 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


Americas Africa Europe Middle East South Asia Asia Pacific