Ebay has reported a strong set of third-quarter results, which chief executive Jamie Iannone said “exceeded expectations on both the top and bottom lines”.
The online marketplace reported a 25% uplift in revenue year on year to $2.6bn (£2bn) in the three months to September 30 as the group’s number of active buyers increased by 5%.
Ebay’s net income during the period rose to $621m (£478m) from $210m (£161.7m) the previous year, up 196%.
The company raised its full-year sales outlook to between $10.04bn and $10.11bn (£7.8bn) excluding the $9.2bn (£7.1bn) sale of its classifieds business to Norwegian firm Adevinta, which is expected to be completed in the first quarter of its upcoming financial year.
Chief executive Jamie Iannone said: “I’m pleased with the third-quarter results. On an apples to apples basis, we delivered results that exceeded expectations on both the top and bottom lines.
“Our third-quarter performance reflects the strength of our newly focused strategy coupled with the enormous untapped potential of our marketplace.
“As we continue our multi-year journey to become the best global marketplace to buy and sell, I am proud of the progress our team is making toward our tech-led re-imagination.”
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