Ebay's revenue rises 3.7 percent

Reuters News
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Posted: Apr 19, 2017 4:21 PM

(Reuters) - Ebay Inc <EBAY.O> reported a 3.7 percent increase in quarterly revenue on Wednesday as more shoppers visited its e-commerce websites and efforts to revamp its platform paid off.

The company's net income rose to $1.04 billion, or 94 cents per share in the first quarter ended March 31, from $482 million, or 41 cents per share, a year earlier.

Revenue rose to $2.22 billion from $2.14 billion.

(Reporting by Pushkala A and Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)