eBay Inc. announced financial results for its first quarter ending March 31, 2010. First-quarter revenue was $2.2 billion, up 9% year over year (or up 18% excluding Skype). The increase was attributed to a growth in the Payments and Marketplaces businesses, as well as a positive impact from foreign currency movements against the U.S. dollar. eBay recorded net income on a GAAP basis of $397.7 million or $0.30 per diluted share, and non-GAAP net income of $554.2 million or $0.42 per diluted share, for the first quarter of 2010.
GAAP operating margin increased to 22.2% for the quarter, compared to 20.9% for the same period last year. Non-GAAP operating margin decreased slightly to 30.6% for the quarter, compared to 30.7% for the same period last year, as productivity gains were offset by faster growth in the company’s lower-margin PayPal business and lower take rates. (More …)









