EBay Profit Soars 144% as Marketplace Revenue Rebounds SAN FRANCISCO - EBay posted strong financial results Wednesday in its second quarter, demonstrating that the company had successfully turned around its e-commerce business. EBay reported that net income in the second quarter rose 144 percent to $692 million, or 53 cents a share, from the same quarter a year earlier. The company said revenue climbed 23 percent to $3.4 billion. Using the accounting methods preferred by Wall Street analysts, the net income of 56 cents a share exceeded the expectations of the analysts by one penny, according to FactSet. The analysts had expected revenue of $3.36 billion. "We delivered a great second quarter, driven by eBay marketplaces" best performance in years, strong growth at PayPal and strong same-store sales growth for GSI's large retail customers," John Donahoe, eBay's chief executive, said, referring to GSI Commerce, an online services company that it acquired last year to connect with large retailers. Revenue from its marketplaces division, including its auctions, was up 9 percent over the same period a year ago, while revenue from its PayPal unit rose 26 percent over the period. The company, based in San Jose, Calif., said it expected its marketplaces and PayPal business to each transact $10 billion in volume in 2012, more than double the transaction volume in 2011. EBay's stock has gained more than 33 percent this year, more than the 25 percent gain of its rival Amazon, largely because of Marketplaces, eBay's e-commerce business, and the expansion of PayPal from an online-only business into the physical stores of 16 retailers, notably Home Depot and Office Depot. The earnings report arrived one day after eBay's PayPal unit acquired Card.io, a start-up here that allows users take a photo of their credit card with their smartphone to use for mobile payments. The acquisition will help eBay fend off new competitors in the mobile payments space, notably Google, which introduced Google Wallet, its mobile payment app, last year, and Square, the three-year-old mobile payments start-up run by the Twitter co-founder Jack Dorsey. Ebay did not disclose how much it spent to acquire Card.io and did not say whether it used PayPal to complete the transaction.