eBay's non-Skype profits climb 16%

eBay's third-quarter revenues climbed 10 per cent over the same quarter last year, if you exclude revenues from the failed VoIP experiment with Skype, while non-Skype, non-GAAP profits rose 16 per cent.

Revenue from PayPal reached $838m, a 22 per cent leap from last year, and total payment volume jumped 26 per cent to $4.368bn. Revenue from the company's core marketplace business was $1.411bn, a 3 per cent increase from the previous year. For several quarters now, PayPal has been the company's main source of growth ? not its marketplaces. ®