EBay reported that second quarter profits jumped 50 percent year over year to $376 million, or $0.27 per share. Net revenues are now $1.83 billion, which represents a growth rate of 30 percent year over year.
For the second quarter in a row, acquisition of Skype is paying off, as communications net revenues totaled almost $90 million, which is growth of 103 percent over the $44 million reported a year ago.
EBay CEO Meg Whitman said that all three businesses - marketplaces, payments and communications units continue to deliver value to the company. Marketplace revenues in the quarter is 1.3 billion and PayPal has a growth of 35 percent and cashed 454 million.
Ebay officials said that they now expects consolidated net revenues for this year to be around $7.3 to $7.450 billion.
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