Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 18 October 2007 14:45

eBay posts large Q3 loss

Written by David Stellmack

Image

Skype acquisition main reason



eBay,
the world’s largest online auctioneer and online payment business, reported a net loss for its Q3 of $936 million, compared with a profit of $281 million for this same period last year. eBay indicated that the net loss was due to a $1.39 billion write down of its purchased of Web-based mobile phone service, Skype.  Apart from the write-down, eBay’s adjusted profit was $564 million.

eBay’s core business of online auctions, fixed price sales and PayPal transactions increased 26 percent over last year.  Strong international performance was posted, particularly in Germany.  eBay business StubHub, a sports and entertainment ticket reselling site also had a key role, as did advertising business that eBay has with Yahoo in the U.S. and Google in Europe.

For its 2007 yearly performance eBay indicated that it expected its earnings per share to range significantly above what analysts were expecting. eBay had indicated earlier that it would drop up to $1.2 billion off the total price of $4.3 billion it had agreed to pay Skype and would re-sign some Skype executives as part of the deal, since Skype has not met the financial goals that were anticipated when the sale to eBay took place nearly two years ago.

Last modified on Thursday, 18 October 2007 15:02

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments