Originally posted on VentureBeat:
eBay reported its Q4 financials for 2012 today. The company earned $751 million on $4 billion worth of sales in the last three months. Full-year revenues were $14.1 billion, with a net income of $2.6 billion.
That’s up 18 percent year-over-year for the fourth quarter, and it’s up 21 percent for the full 2012 earnings.
“We had a great finish to an excellent year, with fourth quarter results exceeding our expectations,” eBay president and CEO John Donahoe said in a statement. “eBay Marketplaces in particular had a terrific fourth quarter, with growth in the U.S. accelerating three points, outpacing ecommerce.”
Key payments division PayPal, which has been a critical revenue driver for eBay in previous quarters, continues to do well, with payment volume up 24 percent … which, given PayPal’s fairly linear revenue structure, means that earnings were also up 24 percent.
PayPal clients sent nearly $24…
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