July 16, 2015 / 12:00 PM / in 2 years

Ebay revenue jumps 7 percent in last push from PayPal

(Reuters) - E-commerce company eBay Inc (EBAY.O) reported a 7 percent jump in net revenue, boosted by higher demand in the PayPal Holdings Inc PYPLV.O payments business it plans to spin off on Friday.

An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach

The company also announced an additional $1 billion share buyback program.

Net income fell to $83 million, or 7 cents per share, for the second quarter ended June 30, from $676 million, or 53 cents per share, a year earlier.

Net revenue rose to $4.38 billion from $4.10 billion.

Reporting by Devika Krishna Kumar and Kshitiz Goliya in Bengaluru; Editing by Don Sebastian

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