EBay Raises Forecasts a Year After PayPal Split

  • Board approves $2.5 billion buyback; StubHub sales jump 40%
  • Company says marketplace volume climbs 4% to $20.9 billion

EBay Inc. raised revenue and profit forecasts Wednesday, as efforts to lure new shoppers to the online marketplace gain traction one year after the company split from its PayPal payments business. The stock climbed as much as 8.4 percent in extended trading.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.