Welcome to WebmasterWorld Guest from 54.156.56.73

Forum Moderators: buckworks

Message Too Old, No Replies

eBay Reports Quarterly Growth, Partly Driven By Sale of Skype

     
4:45 pm on Jan 19, 2012 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:24342
votes: 554


eBay Reports Quarterly Growth, Partly Driven By Sale of Skype [bbc.co.uk]
The internet auction site eBay has reported a big jump in its quarterly profits.

Net income for the last three months of 2011 came in at $1.98bn (1.28bn), up from $559m in the same period last year.

"We had a strong fourth quarter finish to an excellent year," eBay president John Donahoe said in a statement.

EBay said its earnings growth was partly driven by a gain from the sale of its remaining stake in Skype.

Microsoft's $8.5bn acquisition of Skype was announced in May and cleared by competition authorities in October.

8:01 pm on Jan 19, 2012 (gmt 0)

Junior Member

5+ Year Member

joined:Apr 12, 2011
posts:119
votes: 0


Most people on eBay are reporting drops in sales. Would have to see the detail but I suspect that the sale of Skype and Paypal were the primary drivers for the increased net income.
 

Join The Conversation

Moderators and Top Contributors

Hot Threads This Week

Featured Threads

Free SEO Tools

Hire Expert Members