BBC News : Overseas business boosting eBay

[coolbrasco]

eBay on BBC News :

Original link

http://news.bbc.co.uk/2/hi/business/6570211.stm

Overseas business boosting eBay

eBay is growing in popularity around the world
Internet auction website eBay has seen its latest profits surge 52% thanks to high spending global shoppers, and a strong showing at its PayPal unit.

Beating Wall Street expectations, eBay made a net profit of $377m (£188m) for the first three months of 2007, compared with $248m a year earlier.

Its revenues rose 27% to $1.8bn, with the split between what it makes in the US and overseas now equal.

Last year the US accounted for 54% of revenues, and overseas 46%.

Revenues at PayPal, eBay's online payments service, which is used by a host of websites, grew 31% to $439m.

'Feel very good'

"I would say it was a very strong quarter across the board," said eBay chief executive Meg Whitman.

The company now expects to achieve revenues of up to $7.45bn in 2007, an increase from its previous forecast of $7.3bn.

"I think we feel very good about the remainder of the year," added Ms Whitman.

During its first quarter, 82.9 million eBay users sold $14.28bn of items.

[snrama]

Hi,

First of all, I am not looking forward much to PayPal these days. I request PaisaPay to reintroduce UTI and some other payment gateway so that the UPI ratio gets decrease.

eBay India will surely bring us some new surprise (don't think on fees) as my heart is letting me every time. ---------------
With Regards,
Navaneeth (snrama) 😉

[amitava123gems]

Hi,
Ebay does it good.We are happy.
Navaneeth is right.
PayPal may be good,we really dont know yet.But PaisaPay is definitely good.Why truncate PaisaPay?
Let it also grow.UTI is very important for Indian buyers and sellers.
Thanx,
Truly,
Amitava