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EBay expects revenue of up to $23.5B in 2015

Thursday - 3/28/2013, 5:31pm  ET

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.

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