Feeds

PayPal pushes eBay earnings

Sticking to its knitting

Internet Security Threat Report 2014

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. ®

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
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
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
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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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.
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.