eBay Inc. (NASDAQ: eBAY) proved again in the first quarter that it's far from death's door. The company reported strong first quarter earnings. Here is a rundown of the conference call. All times are in eastern.
5 p.m. Usual disclosures.
Meg Whitman. The first quarter was a very strong one for the company. Great results across the board., net revenue of $1.7 bln. Top line org growth of 27 percent, expanded operating margins.
Marketplaces business. delivered revenus of 1.25 bln. Payment volumen on paypal rose 30 percent. number of accounts incresaed to more than 143 bln. Merchant services also grew. Skype performed very well, first quarter of profitability. "Optimistic" about the potential of business.
Marketplaces..eBay sites are pefroming, This is putting some pressure on listings and GMV gorwth. (fee hikes).eBay is "agressively" taregeting bad guys. Continue to improve user experience on sites. I'm confident that we've identified the areas we need to focus on to reaccelerate growth rates in the U.,S, and Germany.
Pleased with korea, Stub Hub acquisition. Shopping.com. 29 percent y/y growth, traffic is . Our partnerships with Yahoo and Google are performing well. Outside of US., international ad partnership with Google is on track.
PayPAl had another excellent quarter, 31 percent revenue growth more than 11 bln in volume. Pay Pal has 35 mln accounts in Europe, extremely popular in Germany.
Merchant services is doing well. (My wife uses it for her small business). PayPal continues to grow very nicely. incredibly pleased with the direction and trajectory. Skype is doing well. It is quite early in the life cycle of new products. Now can payments via Skype.For the next several qutres, skype will expand user base and enhance call quality. The compelling combination of our three business. EACh of the business units is making progress in achieving objectives.I am enormously excited and confident about our future
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