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EBAY » Topics » eBAY INC. REPORTS FOURTH QUARTER AND FULL YEAR 2007 RESULTS Major businesses and robust growth in newer lines of business drive revenueThis excerpt taken from the EBAY 8-K filed Jan 23, 2008. eBAY INC.
REPORTS FOURTH QUARTER AND FULL YEAR 2007 RESULTS
Major businesses and robust growth in newer lines of business drive revenue
San Jose, Calif, January 23, 2008 — eBay
Inc. (Nasdaq: EBAY; www.ebay.com) today reported financial
results for its fourth quarter and year ended December 31,
2007. The ecommerce company posted fourth quarter revenue of
$2.18 billion, representing a $461 million
year-over-year increase. Revenue grew across all businesses
highlighted by more robust growth from PayPal, StubHub, Skype,
classifieds and advertising. The company recorded net income on
a GAAP basis of $531 million or $0.39 per diluted share,
and non-GAAP net income of $611 million or $0.45 per
diluted share.
For the full year, eBay Inc. posted $7.67 billion in
revenue, net income on a GAAP basis of $348 million or
$0.25 per diluted share, and non-GAAP net income of
$2.11 billion or $1.53 per diluted share.
GAAP operating margin increased to 28.7% for the quarter,
compared to 26.2% for the same period last year. Non-GAAP
operating margin increased to 34.6% for the quarter, from 33.4%
for the same period last year. For the full year GAAP operating
margin came in at 8.0%, with non-GAAP operating margin at 33.1%.
eBay Inc. generated $793 million of operating cash flow and
$665 million of free cash flow during the fourth quarter.
The company’s full year operating cash flow was
$2.64 billion and free cash flow was $2.19 billion.
“We’re very pleased with the results for the quarter
which were strengthened by a solid holiday shopping
season,” said eBay Inc. President and CEO, Meg Whitman.
“We had a remarkably strong year from a financial
perspective. We enter 2008 with our most diverse portfolio of
ecommerce offerings ever — positioning us to drive
long-term growth in the global ecommerce market.”
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