Ebay is reporting Q1 figures. key message; non-core business units are increasing profit

eBay is reporting Q1 profits up 22% on the same time last year, driven by growing PayPal usage and revenues from non-core business units. The company saw net income of USD460m, USD0.34 per share, up from USD377m for the same period in 2097 and revenues of USD2.19bn, a 24% increase from last year’s figure of USD1.77bn.

Following the results, eBay is raising its 2008 revenue and earnings forecast to full year revenue of USD8.7bn-USD9bn with operating earnings of USD1.7-USD1.75 per share, both estimates significantly above those predicted by analysts.

Donahoe says the figures show that eBay is moving in the right direction but cautions that considerably more work is needed to make the core auctions business operate at peak efficiency, with continual rollouts of new services and structural changes expected throughout the year.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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