Feeds

eBay profits jump 52 per cent

More, more, more

Beginner's guide to SSL certificates

eBay beat Wall Street expectations with a net profit jump of 52 per cent. The online auction leader's first quarter net income hit $377m this quarter compared with $248.3m last year.

Revenue grew 27 per cent to $1.77bn (Q1' 06: $1.39bn). Analyst expectations had ranged from $1.69bn to $1.77bn.

"This first quarter of 2007 was a very strong one for the company, eBay CEO Meg Whitman said. "The strength of our core business, as well as the significant traction we're beginning to see across our newer businesses helped us deliver great results around the board."

eBay forecasts a second-quarter revenue range from $1.75bn to $1.8bn. Analysts had estimated Q2 revenue of 1.75bn.

The company expects full year profits to reach up to 7.45bn.

eBay's online payment service PayPal has been largely successful defending market territory from challenger Google Checkout. PayPal accounts for about a quarter of eBays total sales.

In an earnings call yesterday, Yahoo! said it is expanding its partnership with eBay, to further combine PayPal with Yahoo!'s search ads. Under the program, Yahoo!-sponsored results will have a shopping cart icon linking to merchants that accept PayPal Express Checkout. ®

Beginner's guide to SSL certificates

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
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.