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eBay

Ebay's 4Q performance caps company's best year yet

Revenue for the fourth quarter ending 31 December, 2012 increased 18 per cent to $4 billion, compared to the same time last year.

EBAY, THE ONLINE buying and selling website, reports 2012 as their best year yet.

Revenue for the fourth quarter ending 31 December, 2012 increased 18 per cent to $4 billion, compared to the same time last year.

The company earned $757 million, or 57 cents per share for the months October, November and December 2012. That represented a 62 per cent decrease from net income of $2 billion, or $1.51 per share, at the same time in 2011.

The 2011 numbers were inflated by a windfall from Ebay’s $8.5 billion sale of online communications service Skype to Microsoft Corp.

Revenue climbed 18 per cent from the previous year to nearly $4 billion, in line with what analysts forecast.

The company’s PayPal business also continued to expand its leadership position in global payments. PayPal’s active account growth accelerated to 15 per cent and ended the year with approximately 123 million registered accounts. PayPal added nearly 2 million accounts a month in the fourth quarter, representing the company’s fastest active account growth rate in years.

Ebay puts their success down to more and more people using the website on their mobiles and the fact that online shopping continues to grow in popularity.

“Mobile continues to rewrite the commerce playbook, and we continue to be a mobile commerce and payments leader,” said John Donahoe, Ebay Inc. President and CEO. “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.”

Additional reporting AP

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