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"eBay has beaten analysts&amp;#039; revenue expectations for 2012 on strong mobile growth, while its payments division PayPal performed even better.  Sales at the online marketplace increased by 18% to $3.99bn (\u00A32.5bn), which eBay in part put down to an increase in trade on smartphones.   eBay chief executive and president John Donahoe said that mobile &amp;quot;continues to rewrite the commerce playbook&amp;quot;. Despite the growth in sales, profits at eBay were down 62% to $757m, but that was compared to 2011&amp;#039;s results, which were boosted by eBay&amp;#039;s sale of web telephony business Skype.  Shares in eBay were up 1.2% to $53.53 in after-hours trading following the announcement. eBay makes money by charging its users a fee for each item sold. It also charges for any payments processed by PayPal.  The online marketplace division, hub of most shopping activity on eBay, reported fourth quarter earnings of $2.05bn, an increase of 16% on the same period in 2011. However, PayPal generated even greater growth. Revenue in the fourth quarter alone from payment services was $1.54bn, up 24% year-on-year.  Much of this growth came from people using eBay to shop and pay for goods on the go using their smartphone or tablet.  eBay Mobile finished the year with more than $13bn in sales volume, more than double the previous year, while PayPal Mobile handled $14bn in payment volume, more than triple 2011&amp;#039;s figures.  Donahoe said that growth in mobile marketplace sales was down to increased adoption of eBay&amp;#039;s mobile apps, along with new features and products.  He said that eBay&amp;#039;s suite of mobile apps attracted 4m new users in 2012. According to Donahoe, eBay and PayPal expect to do $20bn of mobile business each in 2013. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/news/a451748/ebay-paypal-beat-revenue-forecasts-on-mobile-growth/>