eBay Earnings Release Not Entirely Good News
Last week, eBay announced first quarter 2009 revenue of $2.02 billion, a $171.6 million year-over-year decrease. While PayPal, Classifieds and Skype performed well, according to eBay, delivering year-over-year revenue growth, and text and graphical advertising revenues were flat compared to Q1 2008. Marketplace revenues fell sharply. All told eBay’s net income for the quarter ended March 31, 2009 reached $357.1 million or $0.28 per diluted share.
eBay sees strength for PayPal, expecting the online payment processor to more than double its revenue in the next few years. eBay also strengthened its core auction business by announcing plans to purchase one of Korea’s largest online marketplaces.
“We delivered solid results in the first qua…
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eBay Earnings Release Not Entirely Good News
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