eBay Inc. today reported that revenue for Q4FY11, increased 35% to $3.4 billion, compared to the same period of 2010. We recorded Q4 net income on a GAAP basis of $2.0 billion, or $1.51 per diluted share, and non-GAAP net income of $788.6 million, or $0.60 per diluted share. The year-over-year increase in fourth quarter GAAP earnings per diluted share was driven primarily by a gain on the sale of the company’s remaining investment in Skype. The year-over-year increase in the fourth quarter non-GAAP earnings per diluted share was driven primarily by strong top-line growth and improved productivity partially offset by a higher tax rate.

For the full year, revenue increased 27% to $11.7 billion, compared to 2010. The company generated net income on a GAAP basis of $3.2 billion, or $2.46 per diluted share, and non-GAAP net income of $2.7 billion, or $2.03 per diluted share.

There are a number of options for you to get more information around today’s earnings announcement. You can listen along to the live eBay earnings call. You can follow along with my tweets in real-time, beginning at 2pm PT.

You can access the full Q4 2011 eBay earnings announcement.

For folks interested in following the entire conversation on StockTwits, go to http://stocktwits.com/symbol/EBAY.

Here are the highlights…

PayPal
PayPal ended the quarter with 106.3 million active registered accounts, a 13% increase year over year. On average, PayPal added a million new accounts every month in 2011. PayPal revenue increased 28% year over year and PayPal’s net total payment volume (TPV) great 24% to $33.4 billion in Q4 compared to the same period of last year. Revenue from PayPal’s international markets exceeded revenue from the United States for the first time in Q4, reflecting the company’s strong global footprint and growth in emerging markets. The company’s mobile payment volume reached $4.0 billion in 2011, more than five times the mobile payment volume in the prior year, as more consumers used their smart phones and tablets to pay online.

eBay Marketplaces
The Marketplaces business also delivered a strong Q4. Marketplaces revenue for the quarter was up 16% year over year. Gross merchandise volume (GMV), excluding vehicles, increased by 10% year over year to $16.5 billion with sold items up 11% globally year over year. U.S. GMV excluding vehicles increased 10% year over year. International GMV, excluding vehicles, increased 9% year over year.

eBay mobile reached a record $5 billion transacted through mobile devices during 2011 as increased adoption of eBay’s mobile apps and product innovation drove deeper customer engagement across all platforms.

GSI
GSI, which was acquired in the second quarter of 2011, contributed $363.6 million in revenue for Q4. GSI generated $1.4 billion in global ecommerce (GeC) merchandise sales during the quarter, driven by strong performance by top merchants, where same store sales were 24% year over year, outpacing expected ecommerce growth rates in Q4.

Business Outlook
• Q1 2012 — eBay expects net revenues in the range of $3,050 – $3,150 million with GAAP earnings per diluted share in the range of $0.37 – $0.38 and non-GAAP earnings per diluted share in the range of $0.50 – $0.51.

• Full year 2012 — eBay expects net revenues in the range of $13,700 – $14,000 million with GAAP earnings per diluted share in the range of $1.76 – $1.81 and non-GAAP earnings per diluted share in the range of $2.25 – $2.30.

Cheers,
RBH