Blog Post

Earnings: eBay Q2 Profits Up 50 Percent; Revs Gain 30 Percent

For the fourth consecutive quarter, eBay (Nasdaq: EBAY) posted earnings gains, as its Q2 profits jumped 50 percent to $375.8 million, or 27 cents a share, from $250 million, or 17 cents, last year. Revenues for the quarter grew 30 percent, coming in at $1.83 billion. The online auctioneer also highlighted:

— Online communications service Skype posted net revenues of $90 million in Q2, representing a 103 percent gain over the $44 million in Q206. Skype had 220 million registered user accounts at the end of Q2, growing 94 percent from the 113 million registered users last year.

— PayPal net revenues totaled $454 million in Q2, a growth rate of 34 percent over the $339 million a year earlier.

— The company did not break out details regarding its Online Media Exchange, eBay’s attempt to create an online ad system which has struggled to attract cable TV networks and has begun targeting radio stations. Earnings release (PDF) | Webcast