10-18-2007, 07:47 AM
Randy Smythe on eBay's Q3 earnings:
full article: http://rksmythe.blogspot.com/2007/10/rid...-ebay.html
eBay beats analysts' estimates:
full article: http://www.news.com/eBay-posts-large-qua...g=nefd.top
Q3 earnings call transcript: http://seekingalpha.com/article/50275-eb...ource=feed
Quote: * Registered Users increased by 6.6 million users from the 2nd Quarter to the 3rd Quarter of 07' but Active users actually declined by 300, 000, for what appears to be the first time in company history. Active users are defined as users who have bid, bought or listed an item on the site in the previous 12 months. Is this a sign of a healthy marketplace business?
* eBay Stores reached a high of 649,000 stores/shops worldwide in the second quarter of o7' but dropped more than 20% in the 3rd Quarter to 520,000 that is also a 9% drop Y/Y. This is not store listings mind you this is actual store closings. A 20% drop in store closings from one quarter to the next should send shockwaves through the financial community. eBay Stores are not for casual sellers. Storeowners are committed to the site for at least 30 days with each item listed. To see a drop of 20% from one quarter to the next should send off alarms. Where are these 129,000 sellers going?...
full article: http://rksmythe.blogspot.com/2007/10/rid...-ebay.html
eBay beats analysts' estimates:
Quote:eBay on Wednesday posted a sharp net loss due to a $1.39 billion write-down on the purchase of Web-based phone service Skype, but said it could meet Wall Street's most bullish full-year forecasts.
The world's largest online auctioneer and payments company reported a third-quarter net loss of $936 million, or 69 cents per diluted share, compared with a profit of $281 million, or 20 cents per diluted share, in the year-earlier quarter.
Excluding the write-down and other one-time items, eBay's adjusted profit was $564 million, or 41 cents per diluted share, representing a 53 percent rise over a year ago.
Wall Street analysts, on average, had been looking for a profit, excluding the Skype write-down and some one-time items, of 33 cents per share...
full article: http://www.news.com/eBay-posts-large-qua...g=nefd.top
Q3 earnings call transcript: http://seekingalpha.com/article/50275-eb...ource=feed
Meg Whitman Wrote:eBay International, PayPal Merchant Services, StubHub, Classifieds, and our advertising businesses all performed above our expectations during the quarter.
Bob Webvan Swan Wrote:Now let's walk through some of our key operating metrics. eBay Marketplaces added nearly 7 million confirmed registered users in the quarter, bringing the total user base to 248 million. New listings totaled 556 million in the quarter, a decline of 5% versus Q3 last year, with core listings down 3% and store inventory listings down 14%. New listings totaled 254 million in the U.S. and 301 million internationally.
that is a huge drop in stores. I remember when there was a big effort on the stores board to close stores in protest of the fee hike (was it two years ago already?) -- there was hardly a dent in the store numbers.