eBay released its latest earnings report after closing bell tonight, posting adjusted earnings of 90 cents per share on revenue of $4.9 billion, a 9% year over year increase. Analysts had been expecting earnings of 89 cents per share on $4.92 billion in revenue.

eBay Inc Edges Out Earnings Estimates But Guides Weak

Reported earnings were 75 cents per share, compared to 65 cents in the same quarter a year ago.

eBay’s key earnings metrics

In tonight’s earnings report, eBay said mobile payment volume increased 58% in the quarter, hitting $45.6 billion for the full year. Mobile volume made up 20% of total volume. Mobile commerce volume rose 30%, hitting $27.9 billion for the year and making up 34% of total volume. eBay also recorded a 20% increase in cross-border trade.

PayPal’s net total payment volume rose 24% in the quarter. The segment’s Merchant Services volume rose 33%, and its on-eBay volume rose 3%. Revenue in the segment increased to $2.2 billion, and PayPal saw 4.6 million new active registered accounts in the December quarter and 18.9 million for the full year.

Gross merchandise volume from eBay Marketplaces rose 2%, including a 3% increase in the U.S. and a 1% increase internationally. Revenue from the segment increased to $2.3 billion for the quarter. eBay’s Marketplaces segment added 2.9 million new buyers in the December quarter and 14.9 million in all of 2014. The online auction site noted impacts from a decline in new users due to SEO algorithm changes and some buyers not returning or being impacted by the password reset that happened during the quarter.

The company reported a 9% increase in Enterprise gross margin sales, and revenue for the segment rose to $443 million. Clients in the segment saw a 12% increase in same store sales, and Enterprise signed up more than 1,000 new clients and renewed or extended its relationship with over 1,700 others in 2014.

eBay provides guidance, plans job cuts

The online auction giant said it expects earnings for the first quarter to be between 68 cents and 71 cents, missing the consensus estimate of 76 cents per share.

Today eBay also said it plans to slash about 7% of its workforce, which amounts to 2,400 jobs worldwide. The company also said it has reached a standstill agreement with activist investor Carl Icahn and added Icahn Capital executive Jonathan Christodoro to its board of directors.

Shares of eBay rose as much as 3% after tonight’s earnings report.