SAN JOSE, Calif. (AP) — EBay says it expects revenue to keep growing in the next two years, as its e-commerce business and PayPal payments service continues to expand.
EBay Inc. said Thursday that it expects revenue to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. Analysts are expecting $21.4 billion, according to FactSet.
The company says it expects PayPal revenue to hit $9.5 billion to $10.5 billion in 2015.
EBay gives long-range revenue forecasts each year. Some investors had been worried about the company's outlook and sent shares lower earlier this week. EBay's stock closed up more than 4 percent on Thursday and added another 33 cents in after-hours trading.