PayPal reported strong growth in Q2, seeing 20 percent revenue growth despite a disappointing overall performance from parent company eBay.
The online money transfer business added 4.7 million users, and its revenue rose to $1.6 billion during the three-month period. PayPal has 132 million users overall, as the Associated Press notes.
Ebay reported its earnings at $650 million, or 49 cents per share. These figures were down 8 percent from last year, and were seen as a sign that the company is facing challenges in the international market.
For more insights, read the full report here.
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