John Paczkowski

Recent Posts by John Paczkowski

eBay Beats by a Penny

ebay_street_sign

gracious_tiger / Shutterstock.com

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.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald