eBay's net profit fell by 12,3% in Q1-Q2

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The net profit of the world's largest online store eBay fell in the first half of the year by 12,3% compared with the same period last year and amounted to 920 million dollars. At the same time, the diluted earnings per share increased by 1 cent to 1 dollar 4 cents. eBay's revenue grew 2,1 percent to $5,330 million. In Q2 net profit fell by 37,4% while revenue increased by 1,8%. eBay CEO Devin Wenig noted that during the reporting period, the company focused on improving the quality of service and expanding its active customer base.

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