Online auction firm eBay Inc. today reported financial results for its quarter ended March 31, 2005. eBay reported record consolidated net revenues of $1.032 billion and an operating income of $335.6 million for the last three months.
Gross profit was $845.4 million, or 82% of net revenues, consistent with the percentage reported for the same period last year.
Meg Whitman, President and CEO of eBay said,
"A record jump in registered users, record GMV, tremendous PayPal growth, and record net revenues all highlighted a wonderful quarter for eBay. The eBay community is thriving, and we're in an excellent position to deliver on both the top line and profit goals we've set out for 2005 and beyond."
Some facts and figures:
• Consolidated Net Revenues totaled a record $1.032 billion
• U.S. Marketplace Net Revenues totaled $404.8 million
• International Marketplace Net Revenues totaled $393.8 million
• Payments Net Revenues totaled $233.1 million
• Cumulative confirmed registered users totaled 147.1 million
• New listings totaled a record 431.8 million
• PayPal's business had 71.6 million total accounts
• The payments initiated through the PayPal system was $6.2 billion
• The number of users who bought or sold increased to 60.5 million
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