View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
January 16, 2013

eBay reports 18% rise in Q4 revenue, net income declines

Net income declined 62% to $751m.

By CBR Staff Writer

eBay has reported a 18% rise in its revenue to $3.99bn for the fourth quarter of 2012, compared to $3.38bn reported for the corresponding period in 2011.

The increase in revenues is driven by sales of its marketplace and PayPal units.

Net income in the fourth quarter declined 62% to $751m.

The company’s PayPal division revenue increased 24% to $1.5bn, compared to $1.24bn for the same period last year

The marketplaces division’s revenue rose 16% to $2.05bn, compared to 1.77bn for the same period prior year.

PayPal’s mobile payment volume increased over 250% to about $14bn last year as more consumers used their smartphones and tablets to pay online.

For the first quarter of 2013, eBay expects revenue to be in the range of $3.65bn to $3.75bn and earnings per diluted share in the range of $0.48 – $0.50.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

eBay president and CEO John Donahoe said: "eBay mobile finished the year with $13 billion in volume – more than double the prior year – and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year. In 2013, we expect each to exceed $20 billion."

For the full year the company expects for revenues to be between $16bn to $16.5bn and profits of $2.7 to $2.75 per in share on a non-GAAP basis.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.