eBay Q4 Earnings: Revenues Down 6.6% Y/Y, Profit Down 31% Y/Y, GMV Down 12% Y/Y

[mandy]

In the fourth quarter, for the first time in its history, eBay saw a decline in year-over-year revenue.
"We're not happy about that," CEO John Donahoe told analysts and reporters during the requisite conference call announcing the company's Q4 results.
For the quarter ending December 31, eBay pulled in sales of $2.04bn, a 6.6 per cent drop from the same quarter last year. Meanwhile, profit tumbled 31 per cent to $367.2 million, or 29 cents a share...

full article: http://www.theregister.co.uk/2009/01/22/..._earnings/
PayPal's off-eBay revenues exceded its revenues from eBay for the first time ever.

eBay also warned that it expects Q1 net income of $0.32-$0.34 - analysts were expecting $0.40.

[amy]

More signs of eBay's decline -- ChannelAdvisor CEO Scot Wingo:

Wingo said the company would invest in product development at varying levels across the channels. ChannelAdvisor will not invest in product innovation on eBay because, "I don't think it make sense for anyone to try and innovate on a platform that's decreasing the way eBay is. Now, on Amazon, we are going to shift a lot of resources to Amazon and we are coming out with lots of innovative things there."

http://www.auctionbytes.com/cab/abn/y09/m01/i23/s04