Auctionbytes-NewsFlash, Number 66 - April 19, 2001 - ISSN 1539-5065
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eBay Reports Healthy Quarterly Earnings - 80% Higher than Last Year
By Ina Steiner AuctionBytes.com April 19, 2001
eBay reported consolidated net revenues of $154.1 million in the first quarter of 2001, representing a 79% increase over the $85.9 million generated in the same period last year.
Key financial and operating metrics for Q1 2001:
Online Net Revenues - $147.4 million, representing 90% year over year growth
Gross Margin - gross profit of $127.1 million or 82%
Pro Forma Net Income - $30.6 million, or $0.11 per diluted share (excluding certain non-cash and stock related charges)
Gross Merchandise Sales - eBay users transacted a record $1.980 billion in GMS during the first quarter
Registered Users - eBay added over 7.2 million users during the quarter to end Q1 with 29.7 million registered users. Included in this number for the first time are 3.2 million registered users from Internet Auction Co. in South Korea.
Average Cost per Registered User Acquired - approximately $14 Listings - eBay hosted 89.0 million listings during the quarter, representing 66% year over year growth
