Author Topic: eBAY INC. REPORTS SECOND QUARTER 2009 RESULTS  (Read 9978 times)

*wheels*

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eBAY INC. REPORTS SECOND QUARTER 2009 RESULTS
« on: July 24, 2009, 07:27:44 PM »
How's this for a sentence from the Forward-Looking Statements section of the quarterly report:

The company’s actual results could differ materially from those predicted and reported results should not be considered as an indication of future performance.

Factors that could cause or contribute to such differences include, but are not limited to: the impact of the credit crisis, economic downturn and other changes in political, business and economic conditions, including conditions that affect consumer confidence or ecommerce growth; fluctuations in foreign exchange rates; the company’s ability to profitably integrate, manage and grow businesses that have been acquired recently or may be acquired in the future; the company’s need to increasingly achieve growth from its existing users, particularly in its more established markets; the company’s ability to deal with the increasingly competitive ecommerce environment, including competition for its sellers from other trading sites and other means of selling, and competition for its buyers from other merchants, online and offline; the company’s need to manage an increasingly large enterprise with a broad range of businesses of varying degrees of maturity and in many different geographies; the effect of management changes and business initiatives; the company’s need and ability to manage other regulatory, tax and litigation risks as its services are offered in more jurisdictions and applicable laws become more restrictive; any changes the company may make to its product offerings in response to slowing growth; the regulatory, intellectual property, competitive and other risks specific to Skype; the competitive, regulatory, credit card association, and other risks specific to PayPal and Bill Me Later, especially as PayPal continues to expand geographically; the company’s ability to upgrade and develop its systems, infrastructure and customer service capabilities at reasonable cost; and the company’s ability to maintain site stability and performance on all of its sites while adding new products and features in a timely fashion.


Talk about covering all bases!

cueperkins

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Re: eBAY INC. REPORTS SECOND QUARTER 2009 RESULTS
« Reply #1 on: July 24, 2009, 07:46:57 PM »
Well..after all....they need 'CHOICE' in terms of the range of excuses they have to make to shareholders....

eBay revenue shrivel hits nine month mark
Shrinking bread and butter


By Cade Metz in San Francisco •

Posted in Financial News, 22nd July 2009 22:43 GMT

eBay's bread-and-butter marketplace business is still shriveling.

During the quarter ending June 30, the company pulled in revenues of $2.1bn, a 5 per cent decline from the quarter last year, and as usual, the culprit was the marketplace unit, where revenues dropped 14 per cent year-on-year.

At the end of 2008, for the first time in its history, eBay stomached a year-over-year decline in quarterly revenue. And now it has happened three quarters in a row.

Gross merchandise volume - a measure of all transactions on eBay.com - dipped 10 percent to $11.13bn.

But during a conference call with industry analysts and reporters, CEO John Donahue called the company's latest quarter "solid," saying "we're moving in the right direction, a strong company getting stronger."

Certainly, revenues continue to grow for the company's PayPal-centered payments unit and its lame-duck Skype unit. The payments unit chipped in $669.3m in revenues, an 11 per cent increase, while communications contributed $170m, a 25 per cent leap.

And though overall profits dipped to $327.3m, a 29 per cent drop from last year, the company managed to beat the guesses of those Wall Street guessmen if you exclude certain one-time charges and stock option expenses. eBay shares were up 2.75 per cent in after-hours trading.

Naturally, Donahue blamed some of those marketplace struggles on a weak economy and a strong dollar. And he assured investors that the company is still on track to meet his three-year growth plan.

Though eBay is attempting to spin-off Skype, Donahue and crew have said that by 2011 its marketplace unit - which includes eBay.com, Shopping.com, StubHub, Kijiji, and other e-commerce sites - will account for only 30 to 40 per cent of the company's entire business.

Today, the company did say that its marketplace biz is "stabilizing." Its year-over-year decline did at least slow down during the second quarter, and its classifieds unit continues to grow, with revenues expanding 19 per cent.

But clearly, as it continues to turn its back on mom and pop sellers, eBay is moving away from classic auction fare. During the quarter, the number of fixed-price items rose 19 per cent, while auction numbers continued to decline (if less than in Q1).

Much of eBay's future lies with PayPal. Tomorrow, the company will officially open the platform to third-party developers, hoping to "fuel payments innovation beyond ecommerce." A sensible move. As Amazon will surely show with its second-quarter earnings, it's more than just the economy that's eating away at the eBay marketplace.


http://www.theregister.co.uk/2009/07/22/ebay_q1_earnings/

You'll note this bit:  Much of eBay's future lies with PayPal.   And that's more the reason it was pushed down our throats, like it or lump it.

*Yibida*

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Re: eBAY INC. REPORTS SECOND QUARTER 2009 RESULTS
« Reply #2 on: July 24, 2009, 10:12:59 PM »
We all know the fault with eBay's decline.....

one fault only....

>....CEO John Donahue....<

the greatest thread to eBay's existence....

the worse corporate decisions every made....

that will ultimately destroy what could have been the greatest business success story in a recession....

destroyer of business....