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EBay Profits up 50% PDF Print E-mail

Marketplaces net revenues totaled a record $1.29 billion in the quarter, with its growth clipping along at a rate of 26 percent over the $1.03 billion reported in a year ago. PayPal net revenues totaled a record $454 million in the second quarter, a growth rate of 34 percent over the same period a year ago.

And for the second quarter in a row, eBay's Skype acquisition showed signs of paying off, as communications net revenues totaled a record $90 million, a growth rate of 103 percent over the $44 million reported in the same quarter a year ago.

Ebay upgraded its outlook to reflect the good news. The company said it now expects consolidated net revenues for 2007 to be in the range of $7.3 billion to $7.450 billion.

Last Updated ( Wednesday, 18 July 2007 )
 
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