eBay has reported strong results for the first quarter, due primarily to a strong performance by PayPal.
Net income climbed 20% to $570m on revenue that rose 29% to $3.28 billion.
eBay's chief executive CEO John Donahoe welcomed what he described as a " strong start to the year".
He noted continuing momentum in its Marketplaces, PayPal and GSI Commerce (interactive marketing) businesses.
The San Jose, California-based company said that "We believe that innovation in retail today is technology driven, and consumers are embracing smarter, easier, better ways to shop."
PayPal ended the quarter with 109.8 registered accounts in a 12% increase from the same period a year earlier. Revenue at the service was 32% greater than the same three months in 2011, according to eBay.
PayPal handled $34 billion worth of transactions in the quarter.
EBay's Marketplaces business grew to $16 billion, not counting car sales.
