Feeds

eBay profits jump 52 per cent

More, more, more

Designing a Defense for Mobile Applications

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. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
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
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.