John Paczkowski

Recent Posts by John Paczkowski

eBay Beats by a Penny


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In each of its last four quarters, eBay has posted double-digit year-over-year revenue growth. Looks like the company’s fourth quarter was no different.

After market close Wednesday, eBay reported fourth-quarter earnings of 70 cents per share on revenue of $3.99 billion.

Analysts had expected eBay to earn 69 cents a share, excluding one-time items, on revenue of $3.97 billion. During the same period in 2011, eBay earned 60 cents a share on $3.4 billion in sales. So this quarter’s performance was a dime better.

As in quarters past, eBay’s beat was driven by the strong performance of its Marketplaces and Mobile business. Marketplaces saw growth in the U.S. increase three points. And, as CEO John Donahoe pointed out in the company’s earnings release, Mobile really blew things out. “EBay mobile finished the year with $13 billion in volume — more than double the prior year — and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year,” Donahoe said. “In 2013, we expect each to exceed $20 billion.”

For fiscal 2012, eBay’s revenue increased 17.8 percent to a total of $14.072 billion.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work