Quarterly sales jump 24% for eBay

Apr 16, 2009 | Uncategorized

eBay has raised its outlook for Q2 following a 24% year-on-year increase on Q1 results, writes ENN. The auction firm took $2.19bn (£1.10bn) during the first three months of the year, up $424m (£214) on the same period in 2007. Growth was mostly driven by eBay’s Marketplaces division (up 19% to $1.48bn (£746m)), Paypal (up […]

eBay has raised its outlook for Q2 following a 24% year-on-year increase on Q1 results, writes ENN. The auction firm took $2.19bn (£1.10bn) during the first three months of the year, up $424m (£214) on the same period in 2007. Growth was mostly driven by eBay’s Marketplaces division (up 19% to $1.48bn (£746m)), Paypal (up 32% to $582m (£294m)) and Skype (up 61% to $126m (£64m)). Net income for the quarter reached $460m (£232m) – up 22% from $377m (£190m) in 2007).
Following the results Skype announced the launch of a range of monthly flat-rate unlimited calling plans to fixed-line numbers. For £1.95/month users get unlimited calls to UK landlines; for £2.95/month they get unlimited calls to 20 European countries; and for £6.95/month they get unlimited calls to 34 countries worldwide. The new plans have been seen as a final attempt for eBay to make the most of its purchase of Skype. eBay has publically admitted that it may sell-off the internet phone service if it cannot find a better means of integrating the two businesses by the end of the year.
http://www.electricnews.net,17/04/2008
http://www.ebay.com

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