Ebay has warned that weak economies in Europe and Korea will create a challenge for the company in the second half of the year.
The online auction site announced a 14% rise in revenues for the second quarter of the year, led by a 20% growth in revenues from its transaction platform PayPal.
Revenue between April and June was $3.88 billion, according to its results, with PayPal accounting for $1.6 billion of that.
However higher expenses led to an 8% fall in profits, down $52 million to $620 million.
The company’s CEO John Donahoe said the second quarter was strong, but warned that global uncertainty would “continue to be a challenge” in the rest of the year.
The firm has maintained its revenue outlook of $16-16.5 billion for the year, though it indicated that results may fall towards the lower end of this range.
