EBay's Net Income, Revenue Up - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

EBay's Net Income, Revenue Up

Online auction house eBay Inc. reported today that net income rose 20% to $4.9 million for the fourth quarter ended Dec. 31. Revenue rose 139% to $73.9 million. Quarterly net income excluding one-time noncash charges reached $6.1 million.

For the year, the company reported net income of $10.8 million and revenue of $224.7 million, 161% more than the previous year. Before merger and other one-time expenses, net income was $19.4 million. The site sold $901 million worth of goods through 41 million auctions in the fourth quarter, and it had 10 million registered users as of the end of the quarter, up from 2.2 million a year earlier.

Among eBay's initiatives for the coming year, CEO Meg Whitman highlighted Billpoint, a service being tested to let buyers use credit cards instead of checks or money orders. Billpoint is scheduled to be rolled out to the entire eBay community in the second quarter and for licensing to other users in the second half of the year.

The company spent $15 million in the fourth quarter on site-related hardware. Whitman says the site is running on less than 20% of CPU utilization, a level she describes as cautious but prudent. "The largest expense are behind us, but we have incremental expenses in Q1 and Q2 as we scale up to stay well ahead of demand."

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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Commentary
If DevOps Is So Awesome, Why Is Your Initiative Failing?
Guest Commentary, Guest Commentary,  12/2/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
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.
Sponsored Video
Flash Poll