Wednesday, October 21st, 2009
eBay Reports Q3 2009 Earnings
eBay Inc. announced financial results for Q3 FY 2009 today. Third quarter revenue was $2.2 billion, up $120.3 million from the same period last year. The company attributed year-over-year revenue growth primarily to the continued growth in PayPal, Skype, the company’s classifieds business as well as growth in eBay’s fixed-price format.
“Our third quarter results were strong with PayPal gaining momentum and market share worldwide and our core eBay business showing positive trends,” said eBay Inc. President and CEO John Donahoe. “We’re delivering on our commitments, executing on our plans and operating smarter and faster.”
Net income on a GAAP basis was $349.7 million or $0.27 per diluted share, and non-GAAP net income was $501.5 million or $0.38 per diluted share.
GAAP operating margin decreased to 19.8% for the quarter, compared to 24.7% for the same period last year. Non-GAAP operating margin decreased to 28.4% for the quarter, compared to 31.8% for the same period last year. The decrease in operating margins was caused primarily by the recently acquired Bill Me Later, the weaker U.S. dollar, and the company’s continuing shift to faster growing, lower margin businesses, partially offset by cost controls.
eBay Inc. generated $738.2 million of operating cash flow during the third quarter. Free cash flow during the quarter was $563.5 million.
Unfortunately I will be unable to live-blog our earnings via Twitter this quarter and instead, encourage you to listen along to the live earnings call by clicking here. Also, you can get up-to-the-minute information at both eBay Ink Blog News and ebayinc.com.
I’ll be back in the office next Monday as scheduled.
Cheers,
RBH
Tagged: corporate blog, earnings, ebay, ebay auctions, ebay inc, ebay ink blog, ebay marketplace, ebay platform, ebay portfolio, ebay roadmap, ebay.com, ebayink, ecommerce, john donahoe, Marketplace, News, online marketplace, PayPal, sellers, Skype
Online ShopperOn October 22, 2009 at 11:31 am Said:
I think eBay is starting to go downhill more and more. Paypal seems to be doing good though. I use paypal all the time!
RobinOn October 27, 2009 at 10:00 pm Said:
I think its pathetic that a buyer can leave 6 different derogatory feedbacks saying they contacted me yet There is no record in ebays messages of ever being contacted. They should be able to see that and remove these types of feedback. If not I will be looking for another place to sell my goods. I won’t deal with a company that allows such deflamatory remarks without some kind of proof. The buyer has to go through ebay to send messages, they should be able to tell they are bogus comments.
JJHOn October 29, 2009 at 6:44 pm Said:
@Robin,
I’m a small seller. In the past 60 days I’ve made 10 sales. All have been good sales. All 10 have glowing positive TEXT feedback.
My Seller dashboard says that somebody in the past 30 days left me ALL 1’s for my DSR scores. I am now ONE bad DSR away from being suspended by a faceless automated monster (eBay) with NO recourse, NO review, NO checks & balances, NOBODY to say “Hey, someone made a mistake, fix it please” to. Because some IDIOT screwed up when he left me GLOWING feedback by clicking all 1 star entries, I am a hair away from the dumpster.
Yes, it is PATHETIC what this place has become.
KeithOn November 17, 2009 at 5:49 pm Said:
…..and the good news for sellers???????
A few no insertion fee auctions of $.35 ea?
No more feeback?
Forced Paypal?
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