Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 5:30:25 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

eBay Profits Jump 22% Under New CEO

Posted Apr 16, 08 6:50 PM CDT in Technology,  Business 

(Newser) – EBay's revenue soared 24% in the first quarter, the Wall Street Journal reports, with profits up 22%. Fueled by continued success with its online auction business and PayPal, its online-payment component, the company also raised its projected 2008 earnings to $8.7 billion to $9 billion, well beyond Wall Street expectations.

The figures bode well for new CEO John Donahoe, who came aboard in February pushing customer-service improvements and a new fee structure. The auctioneer's 19% revenue growth, however, primarily came from advertising, with active users showing an all-time low 1% increase. All told, the company netted $459.7 million in the first quarter, up from $377.2 million for the same period in 2007.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
EBay's first quarter profits soared 22%, and revenue rose 24%, marking new CEO John Donahoe's first quarter in the cockpit. The company also raised its 2008 projected earnings to $9 billion.   (AP Photo/Paul Sakuma)
EBay's first quarter profits soared 22%, and revenue rose 24%, marking new CEO John Donahoe's first quarter in the cockpit. The company also raised its 2008 projected earnings to $9 billion.   (AP Photo/Paul Sakuma)
EBay's first quarter profits soared 22%, and revenue rose 24%, marking new CEO John Donahoe's first quarter in the cockpit. The company also raised its 2008 projected earnings to $9 billion.   (AP Photo/Paul Sakuma)
A sign is posted inside eBay headquarters in San Jose, Calif., Tuesday, April 15, 2008. Ebay is expected to release quarterly earnings Wednesday.   (AP Photo/Paul Sakuma)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 2)

Tags

eBay  • online advertising  • online retailers  • online auction  • ad revenue  • quarterly profits  • first quarter earnings  • PayPal  • John Donahoe  • profit growth  • net revenue


Loading...

Loading...

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »