EBay Inc. CEO John Donahoe's compensation nearly doubled to $29.7 million in 2012, a year that saw the e-commerce company's stock gain 68 percent thanks to growth in its namesake marketplaces business and PayPal.
EBay finished last year with a flourish as bargain-hunting holiday shoppers flocked to its Internet shopping mall and digital payment service to help lift the company's fourth-quarter earnings above analyst projections.
EBay's fourth-quarter earnings topped analysts' projections as bargain-hunting holiday shoppers flocked to its Internet shopping mall and digital payment service.
EBay reported Tuesday that its third-quarter net income rose 22 percent thanks to higher revenue at its PayPal payments service and at the marketplaces business that includes eBay.com.
EBay Inc. more than doubled its second-quarter net income thanks to higher revenue from its PayPal online payments business and its e-commerce websites.
Shares of eBay Inc. surged to their highest level since 2006 Thursday as investors weighed the potential of the company's growing PayPal business and orders were brisk on eBay's e-commerce websites in the first quarter.
EBay's first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors sent the company's stock higher in after-hours trading.
Small businesses from coffee shops to plumbers will soon be able to accept credit cards through PayPal, using a small triangular card reader attached to a smartphone.
Small businesses from coffee shops to plumbers will soon be able to accept credit cards through PayPal, using a small triangular card reader attached to a smartphone.
EBay reported on Wednesday that its net income grew sharply in the fourth quarter, helped by a gain from the sale of its remaining investment in Skype. Its results beat Wall Street's expectations, boosted by strong holiday sales at its namesake website and growth at PayPal, its online payments business.
EBay's PayPal service is testing out a payments system in brick-and-mortar Home Depot stores.
THE OUTLOOK: EBay disappointed investors Wednesday with its fourth-quarter forecast. CEO John Donahoe said in a conference call with analysts that the company expects an "OK to solid" holiday season.
EBay left investors unimpressed with its predictions for the holiday season even as its namesake site and PayPal online payment service showed healthy growth in the latest quarter.
EBay plans to add image-recognition technology to its mobile offerings, allowing shoppers to snap photos of items they covet _ such as a cute dress a friend is wearing _ that an eBay app will match up with similar items for sale on eBay.com.
EBay Inc.'s PayPal online payment service and marketplaces business grew swiftly during the second quarter, helping its results beat analyst expectations, although charges from its recent purchase of retail website operator GSI Commerce cut its profit.
Donahoe said he believes some analysts neglected to consider that there will be one less day in this year's first quarter coming off of 2012's leap year and that online shopping is always sluggish on Easter Sunday, which is falling in March this year instead of April as it did last year.
"EBay is back in a big way now," Donahoe said during a Wednesday interview.
