Online retail platform eBay (NASDAQ:EBAY) saw profits fall slightly in the third quarter, in the first full set of results released since it’s split from subsidiary Paypal.

The company saw revenue fall by 2.4% to $2.1 billion, down from $2.15 billion last year. Net income fell to $539m from $673m a year earlier. However, the figures beat analysts’ expectations and sent shares surging up around 9% in after-hours trading.

eBay split from its faster-growing PayPal business in July; since then, Paypal has replaced it on the S&P 500. eBay said in a statement that they are seeing a negative impact from changes in Google’s search practices.

eBay’s president and chief executive, Devin Wenig, told analysts that the company still has a “lot of work to do,” but said that its third quarter results “are a step in the right direction.”

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