*EBay* said a robust PayPal business and moderate rise in consumer spending helped it make more money in Q3, with net revenue up 6 percent year-over-year. The uptick in sales didn’t translate to increased profits, however, as the company’s net income was down 29 percent vs. Q208; an EPS of just 27-cents per share. eBay (NSDQ: EBAY) attributed the drop in profits to a variety of factors, including its acquisition of payment platform Bill Me Later, and the weaker U.S. dollar.
The report sent shares down by about five percent in after-hours trading, though the stock has since rebounded slightly. Analysts like Broadpoint AmTech’s Ben Schacter were expecting a profit of about 36-cents per share.
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— Skype: Its contested $1.9 billion deal to sell the VoIP-provider aside, Skype’s Q3 revenues came in at $185.2 million, up 29 percent year-over-year. The company said it still expects the deal to close in Q4.
— Payments business: Revenues from eBay’s Payments division came in at $688 million, up 15 percent vs. Q308. Just over $17.7 billion dollars worth of payments crossed its network this quarter, up 19 percent year-over-year. The company said the growth was driven by increased usage of PayPal by both consumers and merchants, with active registered accounts also up 19 percent.