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ECT News Community   »   E-Commerce Times Talkback   »   Re: EBay Racks Up Strong Q4 Earnings, Beats Expectations



Re: EBay Racks Up Strong Q4 Earnings, Beats Expectations
Posted by: Jim Battey 2002-02-14 11:25:58
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Bolstered by a strong holiday shopping season, online auction giant EBay reported
record fourth-quarter revenue of US$219.4 million and pro forma net income of
$38.5 million, easily beating analyst expectations. The quarter was the 13th consecutive
profitable one for the company. For all of 2001, EBay reported revenue of $748.8 million
and pro forma net income of $137.5 million.


Re: EBay Racks Up Strong Q4 Earnings, Beats Expectations
Posted by: FatesFolly 2002-02-14 11:52:24 In reply to: Jim Battey
Yes, eBay racked up a lot of earnings due to their policies and the way they treated their sellers in the past year. Fee hikes (with a spiraling percentage system that is becoming so unprofitable to sellers that they are leaving in droves), the AFA auction after 9/11 with rules that forced the seller and the buyer to use eBay's online payment service (Billpoint) to the exclusion of any other payment service (which created ANOTHER source of revenue for eBay), the confusing "Checkout" system that was mandatory (and extremely confusing) until enough people complained and it was rescended,and now eBay is favoring the "corporate seller" instead of the little man.
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