Feeds

eBay posts record numbers

Online auction-tastic

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Ebay - the global auction site branded an "electronic pimp" by angry popster Bob Geldof - has notched up record numbers for its second quarter.

For the three months to the end of June eBay reported record consolidated net revenues of $1.09bn - up 40 per cent year on year. At the same time it delivered record operating income of $379m - up 49 per cent on the year before. Net income was $291.6m compared to $190.4m.

In the US, revenues increased 27 pr cent to $423.6m, while takings at eBay's overseas operations grew by 51 per cent to $418.8m.

eBay's online payment service - PayPal - also saw its revenues grow by 51 per cent to $243.9m.

"eBay achieved remarkable results in Q2," said eBay chief exec Meg Whitman.

"Excellent momentum in the US and Germany, as well as at PayPal, all helped deliver an impressive jump in revenues and profit."

Last month Bob Geldof, the organiser of the Live 8 gigs earlier this month, kicked off an almighty stink after complaining that tickets for the gig, which were dished out for free, were being sold on eBay.

He called eBay an "electronic pimp" and called on punters to boycott the online auction site. eBay then suffered a PR meltdown, initially resisted calls to pull the auctions before bowing to Bob's bidding.®

Related stories

eBay runs on Sun's servers and IBM's URLs
Lizard Army Neo-Mech menaces eBay
Rockall first day cover surfaces on eBay
Readers leap to eBay's defence
eBay pulls illegal Live 8 DVDs
Nude eBayer flashes 19in monitor
Don't flog Live 8 tickets on eBay, pleads eBay
Boycott eBay, says Saint Bob

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.