Print
Discuss
Send to friend
RSS feeds
Daily news podcastOnline auction house eBay has reported record consolidated net revenue of $1.83bn for the second quarter of 2007, representing year-on-year growth of 30 per cent.
Following a strong performance from eBay-owned PayPal and Skype during the quarter, net income increased 50 per cent year over year to $376m.
"The quarter was a very good one for the company, as our portfolio of businesses continued to deliver value to our global community," said eBay president and chief executive Meg Whitman.
"Providing a great user experience has always been critical to our success and will remain part of our ongoing focus as we expand the business further."
Net sales revenues at eBay marketplaces totalled a record $1.29bn during the period, a growth rate of 26 per cent over last year as eBay users posted 559 million listings.
PayPal net revenues reached a record $454m, a growth rate of 34 per cent over the same period last year, while Skype net revenues totalled a record $90m, a growth rate of 103 per cent.
EBay now expects consolidated net revenues for 2007 to be in the range of $7.3bn to $7.45bn.
See also:
SIIA publishes list of most important e-commerce developments of the past decade 13 Jul 2007
Buying and selling made faster and easier, claim pair 05 Jul 2007
Apple stores still offering coveted wireless phones 30 Jun 2007All Ecommerce
del.icio.us
Digg this
reddit!
