October 19, 2016 / 8:25 PM / a year ago

Ebay revenue rises 5.6 pct

Oct 19 (Reuters) - Ebay Inc reported a 5.6 percent rise in quarterly revenue on Wednesday as changes to its platform attracted more buyers.

The company, known best as an auction site, said its revenue rose to $2.22 billion from $2.10 billion.

Net income fell to $413 million, or 36 cents per share, in the third quarter ended Sept. 30, from $539 million, or 45 cents per share, a year earlier.

EBay has been offering a bigger selection of products and more brands and requiring sellers to give more details on products to attract younger shoppers and better compete with Amazon.com Inc and brick-and-mortar retailers that are beefing up their online presence. (Reporting by Anya George Tharakan and Rishika Sadam in Bengaluru; Editing by Don Sebastian)

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