Q1 profits at eBay climb 52%

Apr 19, 2007 | Uncategorized

First quarter profits at eBay rose from $248.3m (£125.5m) in 2006 to $377.2m (£190.66m) this year – an increase of 52%, writes Total Content + Media. Revenues for the period grew 27% to reach $1.77bn (£890m) from $1.39bn (£700m) a year ago and for the first time were equally divided between eBay’s US and overseas […]

First quarter profits at eBay rose from $248.3m (£125.5m) in 2006 to $377.2m (£190.66m) this year – an increase of 52%, writes Total Content + Media. Revenues for the period grew 27% to reach $1.77bn (£890m) from $1.39bn (£700m) a year ago and for the first time were equally divided between eBay’s US and overseas businesses. During the quarter 82.9m eBay users sold goods worth $14.28bn (£722m) – 14% up on last year’s $12.5bn (£632m). Recent efforts by the firm to improve buyer experience paid off as revenues generated per listing reached $2.13 (£1.08) (from $1.77 (£0.89) in 2006).
Revenues at Paypal were also up, rising 31% to $439m (£221.89m) to account for roughly 25% of eBay’s total sales. Skype reported its first profit as revenues rose 123% to reach $77m (£38.92m).
From Total Content + Media: http://www.totalcontentandmedia.com, 19/04/07
eBay UK: http://www.ebay.co.uk

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