eBay has reported profits of $677m (£443m) for Q1, 2013, up 19 per cent year-on-year. Meanwhile, revenue rose 14 per cent to $3.7bn (£2.4bn).
The quarter, which ended on 31 March, saw 2.8m new customers join eBay and PayPal through mobile.
The company’s PayPal business saw an increase of 18 per cent in revenue, to a total $1.5bn – around 40 per cent of the total. According to eBay, one in four PayPal users made at least one purchase via mobile in the past 12 months.
“We believe we’re perfectly positioned to benefit from broad consumer adoption of mobile,” said eBay president and CEO John Donahoe, on a conference call following the results. “We’re integrating mobile into every aspect of our business, and we have a proven ability to leverage mobile technology at scale across platforms, mobile operating systems, and devices.
“Our mobile commerce capabilities and technology assets enable us to drive innovation in our core business and for our retail and brand partners. Technology is enabling an omnichannel commerce revolution, and we believe we are well-positioned to lead in this $10 trillion commerce market.”
eBay also announced that the combined number of downloads of its apps have now passed 162m, and also revealed on the conference call that mobile users are more engaged than non-mobile users, and that multiscreen users buy twice as much as non-multiscreen users.
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