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This excerpt taken from the EBAY 8-K filed Jan 22, 2009. eBAY INC.
REPORTS FOURTH QUARTER AND FULL YEAR 2008 RESULTS
San Jose, Calif., January 21, 2009 — eBay
Inc. (Nasdaq: EBAY) today reported financial results for its
fourth quarter and year ended December 31, 2008. The
ecommerce company posted fourth quarter revenue of
$2.04 billion, representing a $145 million
year-over-year
decrease due primarily to the impact on eBay of a stronger
dollar and macroeconomic conditions globally. PayPal,
Classifieds, text and graphical advertising and Skype performed
well, growing revenue on a
year-over-year
basis. The company recorded net income on a GAAP basis of
$367 million or $0.29 per diluted share, and non-GAAP net
income of $524 million or $0.41 per diluted share.
For the full year, eBay Inc. posted $8.54 billion in
revenue, net income on a GAAP basis of $1.78 billion or
$1.36 per diluted share, and non-GAAP net income of
$2.24 billion or $1.71 per diluted share.
GAAP operating margin decreased to 22.3% for the quarter, from
28.7% for the same period last year. Non-GAAP operating margin
decreased to 32.8% for the quarter, from 34.6% for the same
period last year. For the full year, GAAP operating margin came
in at 24.3%, with non-GAAP operating margin at 32.1%.
eBay Inc. generated $684 million of operating cash flow and
$525 million of free cash flow during the fourth quarter.
The company’s full year operating cash flow was
$2.88 billion and free cash flow was $2.32 billion.
“While the holiday season was tough and competitive, our
overall results for 2008 were strong,” said eBay Inc.
President and CEO John Donahoe. “For 2008, we delivered
double-digit revenue and earnings growth; made significant
changes in our eBay business; and built a stronger, more diverse
portfolio of leading
e-commerce
businesses. We will build on our strengths in 2009 while
managing our business prudently in the continued challenging
environment.”
This excerpt taken from the EBAY 8-K filed Jan 21, 2009. eBAY INC.
REPORTS FOURTH QUARTER AND FULL YEAR 2008 RESULTS
San Jose, Calif., January 21, 2009 — eBay
Inc. (Nasdaq: EBAY) today reported financial results for its
fourth quarter and year ended December 31, 2008. The
ecommerce company posted fourth quarter revenue of
$2.04 billion, representing a $145 million
year-over-year
decrease due primarily to the impact on eBay of a stronger
dollar and macroeconomic conditions globally. PayPal,
Classifieds, text and graphical advertising and Skype performed
well, growing revenue on a
year-over-year
basis. The company recorded net income on a GAAP basis of
$367 million or $0.29 per diluted share, and non-GAAP net
income of $524 million or $0.41 per diluted share.
For the full year, eBay Inc. posted $8.54 billion in
revenue, net income on a GAAP basis of $1.78 billion or
$1.36 per diluted share, and non-GAAP net income of
$2.24 billion or $1.71 per diluted share.
GAAP operating margin decreased to 22.3% for the quarter, from
28.7% for the same period last year. Non-GAAP operating margin
decreased to 32.8% for the quarter, from 34.6% for the same
period last year. For the full year, GAAP operating margin came
in at 24.3%, with non-GAAP operating margin at 32.1%.
eBay Inc. generated $684 million of operating cash flow and
$525 million of free cash flow during the fourth quarter.
The company’s full year operating cash flow was
$2.88 billion and free cash flow was $2.32 billion.
“While the holiday season was tough and competitive, our
overall results for 2008 were strong,” said eBay Inc.
President and CEO John Donahoe. “For 2008, we delivered
double-digit revenue and earnings growth; made significant
changes in our eBay business; and built a stronger, more diverse
portfolio of leading
e-commerce
businesses. We will build on our strengths in 2009 while
managing our business prudently in the continued challenging
environment.”
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