Feeds

eBay halts nine months of revenue shrinkage

Profits? That's another matter

Business security measures using SSL

eBay's revenues are on the rise again, thanks to the continued growth of its PayPal and Skype operations. But in the third quarter, the online tat house saw profits plummet nearly 30 per cent. The news sent its share price tumbling more than five per cent in after hours trading on Wednesday.

In the quarter ending September 30, eBay's revenues reached $2.23bn, a six per cent jump from the same quarter last year, ending nine months of revenue shrinkage. "Our third quarter results were strong with PayPal gaining momentum and market share worldwide and our core eBay business showing positive results," read a statement from chief executive John Donahoe.

The company's core marketplace business continues to shrink - revenues topped out a $1.4bn, down one per cent - but it's not shrinking as rapidly, and the slack was picked up elsewhere. PayPal revenue climbed 15 per cent to $688.1m, accounting for more than 30 per cent of eBay's overall business.

Revenue from the lame-duck Skype business was also up, climbing 29 per cent to $185.2m.

But third-quarter profits fell 29 per cent to $350m. eBay attributed the drop to its acquisition of instant-credit outfit Bill Me Later, the weaker US dollar, and its "continuing shift to faster growing, lower margin businesses."

Donohoe continues to move the company away from its traditional online auction biz towards fixed-price sales, classifieds, and the money machine that is PayPal. On November 3, eBay will open up a beta version of its new PayPal X platform, offering a new set of APIs for embedding payment tools into third-party applications. The idea is to put PayPal, well, everywhere. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.