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EBay Expects 50 Percent Revenue Growth

EBay thinks its revenues will grow by 50 percent in the years to come, the company announced in a recent blog post.

The company forecasts revenues will grow by more than 50 percent to at least $21.5 billion in 2015. That’s up from $14.1 billion in 2012, the post said.

CEO John Donahue said the growth would come from the company’s core Marketplace, PayPal, and GSI Commerce businesses. GSI commerce owns 30 percent of  sale site Rue La La.

“Led by mobile, a commerce revolution is under way,” Donahue said, in remarks transcribed from a conference of analysts and the media. “How we shop is being transformed, and eBay Inc. intends to be a leader in this new commerce world.”

JCK News Director