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Here’s one company not singing the holiday blues

1/25/2017

EBay Inc. reported its fourth consecutive quarter of sales gains amid a successful holiday, which saw it run its first-ever U.S. television commercial.



The online marketplace said that sales for the fourth quarter rose 3% to $2.4 billion. Net income rose to $5.94 billion, fueled by a $4.6 billion income tax benefit.



"Q4 was a record quarter highlighted by solid performance in our eBay business," eBay CEO Devin Wenig. "During the holiday season, eBay was one of the top consumer shopping destinations in the world and the second most visited e-commerce site in the U.S."



In the fourth quarter, eBay added two million active buyers across its platforms, for a total of 167 million global active buyers.


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