Feeds

eBay ups revs but disappoints market

VoIP turnover leaps

High performance access to file storage

eBay's latest set of financial results has been labelled a disappointment by market watchers concerned that the online auction giant is seeing a slowdown in growth. eBay's stock dipped five per cent on news that while revenues were up, net income was on the slide.

Publishing Q1 results for the three months to March, eBay generated net revenues of $1.39bn - up 35 per cent on the same period last year ($1.03bn).

In the US, net revenues hit $527m, up 30 per cent on the year, while its overseas operations saw takings grow 25 per cent to $493m. Strip out the impact of foreign currency fluctuations, and revenues for eBay's international operations increased 32 per cent.

Despite this increase in revenues, which met the market's expectations, net income fell three per cent on the year to $248.3m fuelling concerns about the company's future growth.

The firm also revealed that at the end of March the number of registered users was just shy of 200m - up 31 per cent on the 147m users reported at the end of Q1 05. The number of active users - those eBayers who either bid, bought, or listed an item within the last year - increased 25 per cent to a record 75.4m in Q1 06.

As for eBay-owned VoIP outfit Skype (which is "not a telephony replacement service and cannot be used for emergency calling"), it saw Q1 revenues jump 42 per cent to $35.2 compared to the $24.8m generated between October 2005 to the end of the quarter.

"Q1 was an excellent quarter for the company, with strong growth across our portfolio of businesses," eBay boss Meg Whitman said. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.