Feeds

eBay's festive sales soar, but what's this? Profit DOWN 62%?

Skype selloff aftermath and millions more mobe strokers

Securing Web Applications Made Simple and Scalable

eBay not only made a wad of dosh over the festive period but it also scooped up loads more mobe-toting shoppers to boot.

The online tat bazaar today boasted that 4,300,000 people signed up for new accounts using their smartphones during 2012. The website's CEO John Donahoe said these mobile shoppers are driving his firm's revenue growth.

A tidy $13bn went through the internet marketplace last year, and its payment processing subsidiary PayPal handled nearly $14bn in mobile payments - that's more than three times the amount it juggled the year before.

"Mobile continues to rewrite the commerce playbook, and we continue to be a mobile commerce and payments leader," Donahoe said. "In 2013, we expect each to exceed $20bn."

The total revenue for last year's holiday quarter just beat analysts' estimates, up 18 per cent year on year to $3.99bn. However, profit fell compared to Q4 2011, which was a time when eBay had extra cash sloshing around its coffers from its sale of Skype: earnings in Q4 2012 were down 62 per cent to $757m.

Despite the revenue jump over Christmas, eBay will not adjust its previous forecasts for 2013 and expects profit margins at PayPal to remain flat on last year. ®

Build a business case: developing custom apps

More from The Register

next story
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
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
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
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.