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eBay profit up 5.6%, revenue surges 13%
San Jose, Calif. -- EBay Inc. on Wednesday reported that its second quarter earnings rose 5.6%, topping analysts' expectations.
The company posted $676 million in net income, up from $640 million in the same quarter a year ago.
Revenue rose 13% to $4.37 billion from $3.88 billion in the same quarter a year ago.
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Report: Search ad spend up 25% year-over-year
San Francisco -- Search ad spend increased 25% year-over-year and 2% quarter-over-quarter, according to Kenshoo, a leader in predictive media optimization technology.
Among the key findings in the research:
• Search click-through rate increased 26%, driving a 15% increase in clicks year-over-year;
• Social ad spend increased 51% year-over-year and 21% quarter-over-quarter; and
• Social impressions increased 13% year-over-year.