Feeds

PayPal pushes eBay earnings

Sticking to its knitting

Build a business case: developing custom apps

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.