Ebay, the online auction website reported zero growth in fourth-quarter revenue from the same period a year earlier and a 50% drop in net income.

It also forecast a lower-than-expected income for the year ahead, sending its share price down by over 12%.

Meanwhile, its former unit PayPal beat expectations.

The online payments company increased its user base by almost a quarter in the final three months of last year, and reported a net income of $367 million, from $286 million for the same period in 2014.

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