eBay just posted strong second quarter earnings, reporting that revenue for quarter ended June 30, 2011, increased 25 percent to $2.8 billion, compared to the same period of 2010. Non-GAAP net income came in at $630.9 million, or $0.48 per diluted share. GAAP Net-income actually decreased in the quarter ($283.4 million, or $0.22 per diluted share), a 31 percent drop from the same quarter in 2010. This is related to the charges from the $2.4 billion purchase](eBay Acquires GSI Commerce For $2.4 Billion In Cash And Debt | TechCrunch) of GSI Commerce, which closed in June. Analysts expected $0.46 cents per share on $2.6 billion in revenue.PayPal, once again helped buoy eBay’s business. PayPal’s net total payment volume (TPV) grew 34% to $28.7 billion in the second quarter of 2011 compared to the same period of last year. PayPal, which hit 100 million users in the quarter, delivered its first-ever billion dollar revenue quarter, thanks to strength in the Merchant Services business as well as increased penetration on eBay. PayPal expects more than $3 billion in mobile TPV this year, compared to $750 million in 2010.
