eBay posted a net income of $676 million, or 0.53 cents per share, in the second quarter, a 6-per-cent increase compared to a year earlier, the online shopping website said on Wednesday.
The online auctioneer reported a revenue increase of 13 per cent to $4.4 billion compared $3.9 billion in the second quarter of 2013.
“PayPal generated another strong quarter, while eBay’s growth was hampered by its global password reset for all users,” eBay Inc president and chief executive John Donahoe said.
“We continued our momentum in the four competitive commerce battlegrounds of mobile, local, global and data.” PayPal, eBay’s popular payments subsidiary, saw its net total payment volume rise 29 per cent compared to the year-ago quarter. PayPal’s revenue for the period was $1.9 billion, eBay said.
In May, eBay asked millions of users to change their passwords after a cyber-attack exposed its database to hackers.
The California-based company said that hackers penetrated its computer system by compromising a small number of employee log-in credentials, but said there was no evidence that the attack resulted in any unauthorised financial activity or that it affected PayPal users.