Feeds

PayPal pushes eBay earnings

Sticking to its knitting

Intelligent flash storage arrays

eBay is celebrating a 20 per cent jump in profits in the last quarter, thanks mainly to its payment system PayPal.

The online tat bazaar grew net revenues in the first quarter of 2011 to $2.5bn, up 16 per cent and net income was up 20 per cent to £398m.

eBay's chief executive John Donahoe said 2011 was off to a strong start thanks to eBay's growth in the US and strong global growth by PayPal.

Now that it is rid of Skype, which provided $125m via the repayment of a note in the period, eBay's business is split between marketplaces and payment services such as PayPal and BillMeLater.

In the three months up to 31 March 2011, eBay's markets made revenues of $1.55bn and its payment services made $992m.

By geography the US accounts for 45 per cent of this and international the remaining 55 per cent.

In terms of active users eBay claims 95.9 million active auction users, up five per cent year on year. Its payments services claim 97.7 million active registered users, up 16 per cent year on year. Net payments in the quarter were $424.6m, up 26 per cent.

In the second quarter eBay expects net revenues in the range of $2.55bn to $2.65bn.

eBay's full financial statement is here. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

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.
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.