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January 23, 2014 02:20 am GMT
eBay reported its fourth-quarter earnings today, including revenue of $4.5 billion and non-GAAP earnings per share of $0.81. The company’s revenue was up 13 percent from the same quarter last year, while its earnings per share rose 16 percent. It’s a fairly temperate showing from eBay, as analysts have been expecting eBay to report a 16 percent profit increase on revenue of $4.5 billion and $0.80 EPS (non-GAAP). The main drivers of eBay’s fourth quarter results have expected to be a decline in its marketplaces and auctions segment, with a boost from PayPal. In its most recent sequential quarter, eBay reported revenue of $3.9 billion, and non-GAAP earnings per share of $0.64. While the consensus estimates for the fourth quarter were around $0.80, many expected the reality to be slightly lower thanks to a relatively tepid following eBay’s somewhat tepid sales during the holiday season. eBay’s global payments unit, PayPal, saw revenue increase 19 percent again this quarter, as well as the full year, resulting in what the company says is a $6.6 billion in revenue in 2013. In turn, PayPal gained 5.2 million active registered accounts in the quarter and ended the year with 143 million — a 16 percent increase. “We feel good about our performance and strong finish in the fourth quarter, with the holiday shopping season clearly showing how online, mobile and other omni-channel commerce capabilities are changing how consumers shop and pay,” said eBay CEO and President John Donahoe in today’s statement. “Mobile exceeded expectations for the year. Our total mobile commerce volume grew 88 percent, with eBay reaching $22 billion and PayPal hitting $27 billion in 2013. And mobile added more than 14 million customers. PayPal and eBay together create an incredibly strong global commerce ecosystem for consumers and merchants, and we continue to see tremendous growth opportunities ahead,” he continued. Going a little bit deeper, eBay’s operating margin jumped to 29.2 percent in the fourth quarter, with the company generating $1.4 billion of free cash flow during the fourth quarter. For the full year, eBay generated $3.7 billion in free cash flow and repurchased approximately $254 million of its common stock in the fourth quarter. Furthermore, eBay’s Marketplace saw revenue of $2.3 billion and both it and PayPal saw record mobile results for the year in 2013, both surpassing $20 billion in mobile volume. Marketplaces’ gross merchandise value (GMV) grew 13 percent in
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ECCy85ewJIU/
eBay Squeaks Out A Win In Q4, With Revenue Of $4.5B And $0.81 EPS
eBay reported its fourth-quarter earnings today, including revenue of $4.5 billion and non-GAAP earnings per share of $0.81. The company’s revenue was up 13 percent from the same quarter last year, while its earnings per share rose 16 percent. It’s a fairly temperate showing from eBay, as analysts have been expecting eBay to report a 16 percent profit increase on revenue of $4.5 billion and $0.80 EPS (non-GAAP). The main drivers of eBay’s fourth quarter results have expected to be a decline in its marketplaces and auctions segment, with a boost from PayPal. In its most recent sequential quarter, eBay reported revenue of $3.9 billion, and non-GAAP earnings per share of $0.64. While the consensus estimates for the fourth quarter were around $0.80, many expected the reality to be slightly lower thanks to a relatively tepid following eBay’s somewhat tepid sales during the holiday season. eBay’s global payments unit, PayPal, saw revenue increase 19 percent again this quarter, as well as the full year, resulting in what the company says is a $6.6 billion in revenue in 2013. In turn, PayPal gained 5.2 million active registered accounts in the quarter and ended the year with 143 million — a 16 percent increase. “We feel good about our performance and strong finish in the fourth quarter, with the holiday shopping season clearly showing how online, mobile and other omni-channel commerce capabilities are changing how consumers shop and pay,” said eBay CEO and President John Donahoe in today’s statement. “Mobile exceeded expectations for the year. Our total mobile commerce volume grew 88 percent, with eBay reaching $22 billion and PayPal hitting $27 billion in 2013. And mobile added more than 14 million customers. PayPal and eBay together create an incredibly strong global commerce ecosystem for consumers and merchants, and we continue to see tremendous growth opportunities ahead,” he continued. Going a little bit deeper, eBay’s operating margin jumped to 29.2 percent in the fourth quarter, with the company generating $1.4 billion of free cash flow during the fourth quarter. For the full year, eBay generated $3.7 billion in free cash flow and repurchased approximately $254 million of its common stock in the fourth quarter. Furthermore, eBay’s Marketplace saw revenue of $2.3 billion and both it and PayPal saw record mobile results for the year in 2013, both surpassing $20 billion in mobile volume. Marketplaces’ gross merchandise value (GMV) grew 13 percent inOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ECCy85ewJIU/
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