Feeds

eBay/PayPal ring up profit

Skype revs up too

The Essential Guide to IT Transformation

Online auctioneer eBay grew revenues by 31 per cent to $1.45bn in the third quarter ended 30 September 2006.

Net income for the three months was $281m. The site posted 584m new listings in the period, up 27 per cent on the same period last year. In total the successfully closed auctions raised $12.6bn in Gross Merchandise Volume for eBay users - up 17 per cent on $10.8bn raised in the third quarter of 2005.

Payment service PayPal brought in revenues of $350m, up 41 per cent on the third quarter of 2005. There are 123m PayPal accounts. Total Payment Volume using the service grew 37 per cent to $9.1bn.

Voice over Internet Protocol phone service Skype increased users by 20 per cent to 113m. Revenues were $50m, an increase of 13 per cent from the second quarter of 2006.

For the whole financial year eBay expects to bring in consolidated net revenues of between $5.87bn and $5.93bn. Earnings per share are expected to be in the range of $0.75 and $0.76.

The full earnings release is available here. ®

Build a business case: developing custom apps

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
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.
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.