PayPal Leads eBay’s Q1 2011 Volume Growth

eBay released first quarter 2011 earnings on Wednesday, reporting a 16% increase in revenue year-over-year to $2.5 billion. PayPal’s net total payment volume grew 28% to $27.4 billion, while eBay Marketplaces gross merchandise volume excluding vehicles increased 8% year-over-year to $14.5 billion.

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