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Sales rose 18% to $3.99bn (£2.5bn) in large part due to growth in the use of smart phones to trade on the site. "Mobile continues to rewrite the commerce playbook," eBay chief executive John Donahoe said. Profits fell 62% to $757m, but the comparable 2011 figure was inflated by proceeds from eBay's sale of Skype. According to eBay's statement, the PayPal payment division generated the greatest growth. Fourth-quarter revenue from the payment service totalled $1.54bn, a 24% increase from the previous year. The marketplaces division, where most of the shopping occurs on eBay, saw fourth-quarter revenue of $2.05bn, up 16% from the 2011 quarter. EBay charges a fee for each item sold, and receives a fee for each payment processed by PayPal. On Cyber Monday in November, traditionally seen as the start of holiday shopping season, sales transactions on eBay's mobile applications more than doubled from the year before. The volume of mobile payments via PayPal almost tripled. EBay shares rose 1.2% to $53.53 in after-hours trading following the announcement. FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
