Feeds

eBay Q4 profits soar

Skype growing fast - but not fast enough for Whitman

Internet Security Threat Report 2014

eBay fired on all cylinders in the December quarter, delivering record net revenues of $1.7bn - 29 per cent higher than Q4 '05 and net income of $346m, 24 per cent up year on year.

The company reaped the benefit from higher average selling prices in its auction business and an "excellent" fourth quarter from its PayPal payment processing unit. Third party merchant services accounted for $3.9bn of the $11bn in total payment volumes handled by PayPal.

And Skype, the broadband telephony business acquired for a whopping $2.7bn in 2005, is beginning to come good. Q4 revenues climbed 164 per cent to $66m (Q4 05: $25m) and registered users at the end of the quarter were up 129 per cent to 171 million (Q4 2005: 75 million users).

But eBay CEO Meg Whitman is less than satisfied. "The monetization efforts we outlined at the time of the (Skype) acquisition are not developing as quickly as we had hoped," she said in an earnings call today. That will teach the company to overpay.

eBay's full year revenues advanced 31 per cent to $6bn, and net income was up four per cent to $1.1bn. It forecasts net revenues of $1.67bn-$1.72bn for Q1, 2007 and full-year revenues of $7.050bn -$7.3bn. eBay's board thinks times are good, clearly, authorizing up to $2bn in stock buybacks over the next couple of years. Last quarter the company bought $1bn-worth of its own stock.

Earnings statement here. ®

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.