EBay Gets Its Earnings Groove Back - InformationWeek
IoT
IoT
Software // Enterprise Applications
News
7/22/2005
05:52 PM
50%
50%
RELATED EVENTS
Cloud Security: Don't Go Blind While Playing in the Cloud
Dec 06, 2017
Attend this webinar to understand the security transformation from an on-prem fortress mentality t ...Read More>>

EBay Gets Its Earnings Groove Back

EBay Inc. has apparently rediscovered its E-commerce magic. After a rocky six months, it reported record quarterly earnings that helped counter market worries that it's losing its competitive edge.

For the quarter ended June 30, eBay posted a profit of $291.6 million on revenue of $1.1 billion, compared with a profit of $190.4 million on revenue of $773.4 million a year ago. That translates into 53% profit growth and a 40% rise in revenue.

Even though eBay has remained highly profitable, the combination of a below-expectations earnings report in January, complaints about rising merchant fees, and a perception that it's not doing enough to prevent fraudulent sellers from duping unsuspecting buyers has conspired to push the value of eBay stock down 40% this year.

The success of eBay's quarter was evident everywhere. International marketplace revenue was up more than 50%, to $418.8 million, fueled by the company's growth in markets such as China, France, and Italy. Payment revenue via its PayPal unit also rose more than 50%, to $243.9 million.

EBay users are proving that they can sell just about anything on eBay. More than $14 billion worth of autos, $3.3 billion worth of clothing and accessories, $3.2 billion worth of consumer electronics, $2.9 billion worth of computers, $2.5 billion worth of home and garden items, $1.6 billion worth of toys, and $1.3 billion worth of photo equipment were sold during the quarter.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Digital Transformation Myths & Truths
Transformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll