EBay expects revenue of up to $23.5B in 2015

EBay expects revenue of up to $23.5B in 2015

Credit: Getty Images

SAN JOSE, CA - JULY 20: A sign is posted in front of eBay headquarters on July 20, 2011 in San Jose, California. Online auction site eBay will report quarterly earnings today after the market closes today. (Photo by Justin Sullivan/Getty Images)

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KMOV.com

Posted on March 29, 2013 at 9:14 AM

 SAN JOSE, Calif. (AP) -- EBay says it expects revenue to keep growing in the next two years, as its e-commerce business and PayPal payments service continues to expand.

   EBay Inc. said Thursday that it expects revenue to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. Analysts are expecting $21.4 billion, according to FactSet.

   The company says it expects PayPal revenue to hit $9.5 billion to $10.5 billion in 2015.

   EBay gives long-range revenue forecasts each year. Some investors had been worried about the company's outlook and sent shares lower earlier this week. EBay's stock closed up more than 4 percent on Thursday and added another 33 cents in after-hours trading.
 

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