Skype Revenues Up, but Usage Flat

Are Skype’s plans to push users into higher-revenue calling plans starting to take hold? That might be one explanation for a surge in revenue during the past quarter, from $66 million in Q4 2006 to $79 million in the first quarter of 2007, while total minutes of both Skype-to-Skype and Skype-out usage stayed flat.

Here are some quick numbers from the eBay report today, comparing Q4 2006 to Q1 2007:

  • Revenues: Q4 2006 $66, million; Q1 2007, $79 million
  • Registered Users: Q4 2006, 171.2 million; Q1 2007, 195.5 million
  • Skype to Skype minutes: Q4 2006, 7.6 billion; Q1 2007, 7.7 billion
  • SkypeOut minutes: Q4 2006, 1.5 billion; Q1 2007, 1.5 billion
  • Quick quotes from the call, where eBay said Skype just achieved its first quarter of profitability (!): “Skype continues to grow at a rapid pace… Europe continues to drive [business] and we are pleased with our traction in North America… The adoption of paid subscription plans [in North America] is ahead of our expectations.”

    The expiration of free promotions in both the U.S. and Asia, eBay execs said, contributed to the flattening of traffic.