Dive Brief:

• eBay’s Q2 net income grew 6% thanks to its PayPal business, which saw revenue rise 20% to $1.95 billion and added 4 million new accounts.

• The company’s overall revenue increased 13%, and the site’s marketplace revenue increased 9%, which missed estimates.

• Meanwhile, eBay settled a six-year-long legal dispute with LVMH, which includes Louis Vuitton, Donna Karan, Givenchy, and other upscale brands. The companies announced a settlement of litigation over eBay users selling knock-offs, but no further details were available.

Dive Insight:

eBay has been buffeted by many different forces this year, from a cyberattack that made it urge all of its users to change their passwords to a proxy fight drama with activist investor Carl Icahn. Payments are an important business in e-commerce these days, and that is proving especially true for eBay and PayPal, lending credence to Icahn’s insistence that PayPal may be better off without eBay.