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This excerpt taken from the EBAY 8-K filed Oct 15, 2008. EBAY INC.
REPORTS THIRD QUARTER 2008 RESULTS
San Jose, Calif., October 15, 2008 — eBay
Inc. (Nasdaq: EBAY) today reported financial results for its
third quarter ended September 30, 2008. The ecommerce
company posted third quarter revenue of $2.12 billion, up
$228 million from the same period last year. Net income on
a GAAP basis was $492 million, or $0.38 per diluted share,
and non-GAAP net income was $592 million, or $0.46 per
diluted share.
“Overall, we are pleased with the performance of the
portfolio this past quarter,” said eBay Inc. President and
CEO John Donahoe. “We took a number of steps during the
quarter to further strengthen our business and better align our
cost structure to invest and compete. We will continue to stay
focused on connecting consumers on our various ecommerce
platforms, maintaining financial discipline and capitalizing on
new opportunities for growth.”
eBay continues to benefit from an increasingly diversified
portfolio of businesses. While Marketplaces transaction revenue
still represents a majority of revenue for the company, revenue
growth rates were helped by growth in PayPal, Skype and global
classifieds. The company’s global footprint helped it
benefit year over year from strength in other currencies
relative to the U.S. dollar.
GAAP operating margin increased to 24.7% for the quarter,
compared to (49.6%) for the same period last year. Non-GAAP
operating margin increased to 31.8% for the quarter, compared to
31.4% for the same period last year. The year over year increase
in non-GAAP operating margin is due primarily to higher margins
from each of the business units, which more than offset the
growth from lower-margin businesses, primarily PayPal and Skype.
eBay Inc. generated $693 million of operating cash flow
during the third quarter. Free cash flow during the quarter was
$543 million.
This excerpt taken from the EBAY 8-K filed Apr 16, 2008. EBAY INC.
REPORTS FIRST QUARTER 2008 RESULTS
Delivered second consecutive $2-billion plus
quarter
Completed approximately $1 billion in stock
repurchases
Acquired Fraud Sciences Ltd.
San Jose, Calif, April 16, 2008 — eBay Inc.
(Nasdaq: EBAY) today reported financial results for its
first quarter ended March 31, 2008. The ecommerce company
posted first quarter revenue of $2.19 billion, up
$424 million from the same period last year. Revenue growth
was driven primarily by Marketplaces net transaction revenues,
the ongoing expansion at PayPal, Skype and the company’s
global classifieds business. The company’s global footprint
helped it benefit from strength in other currencies, relative to
the U.S. dollar. The company recorded net income on a GAAP basis
of $460 million or $0.34 per diluted share, and non-GAAP
net income of $562 million or $0.42 per diluted share.
GAAP operating margin decreased to 25.2% for the quarter,
compared to 26.5% for the same period last year. Non-GAAP
operating margin decreased to 32.0% for the quarter, compared to
33.6% for the same period last year. The decrease in operating
margins was caused primarily by our faster growing lower-margin
businesses, such as PayPal and Skype.
eBay Inc. generated $766 million of operating cash flow
during the first quarter. Free cash flow during the quarter was
$632 million.
“This was a very strong financial quarter for the
company,” said eBay Inc. President and CEO John Donahoe.
“The results reflect the strength provided by our diverse
portfolio of businesses. Our stability and growth continues to
give us the confidence to make innovative changes to our
products to keep customers engaged for years to come.”
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