eBay ups revs but disappoints market

VoIP turnover leaps


eBay's latest set of financial results has been labelled a disappointment by market watchers concerned that the online auction giant is seeing a slowdown in growth. eBay's stock dipped five per cent on news that while revenues were up, net income was on the slide.

Publishing Q1 results for the three months to March, eBay generated net revenues of $1.39bn - up 35 per cent on the same period last year ($1.03bn).

In the US, net revenues hit $527m, up 30 per cent on the year, while its overseas operations saw takings grow 25 per cent to $493m. Strip out the impact of foreign currency fluctuations, and revenues for eBay's international operations increased 32 per cent.

Despite this increase in revenues, which met the market's expectations, net income fell three per cent on the year to $248.3m fuelling concerns about the company's future growth.

The firm also revealed that at the end of March the number of registered users was just shy of 200m - up 31 per cent on the 147m users reported at the end of Q1 05. The number of active users - those eBayers who either bid, bought, or listed an item within the last year - increased 25 per cent to a record 75.4m in Q1 06.

As for eBay-owned VoIP outfit Skype (which is "not a telephony replacement service and cannot be used for emergency calling"), it saw Q1 revenues jump 42 per cent to $35.2 compared to the $24.8m generated between October 2005 to the end of the quarter.

"Q1 was an excellent quarter for the company, with strong growth across our portfolio of businesses," eBay boss Meg Whitman said. ®


Other stories you might like

  • AMD claims its GPUs beat Nvidia on performance per dollar
    * Terms, conditions, hardware specs and software may vary – a lot

    As a slowdown in PC sales brings down prices for graphics cards, AMD is hoping to win over the market's remaining buyers with a bold, new claim that its latest Radeon cards provide better performance for the dollar than Nvidia's most recent GeForce cards.

    In an image tweeted Monday by AMD's top gaming executive, the chip designer claims its lineup of Radeon RX 6000 cards provide better performance per dollar than competing ones from Nvidia, with all but two of the ten cards listed offering advantages in the double-digit percentages. AMD also claims to provide better performance for the power required by each card in all but two of the cards.

    Continue reading
  • Google opens the pod doors on Bay View campus
    A futuristic design won't make people want to come back – just ask Apple

    After nearly a decade of planning and five years of construction, Google is cutting the ribbon on its Bay View campus, the first that Google itself designed.

    The Bay View campus in Mountain View – slated to open this week – consists of two office buildings (one of which, Charleston East, is still under construction), 20 acres of open space, a 1,000-person event center and 240 short-term accommodations for Google employees. The search giant said the buildings at Bay View total 1.1 million square feet. For reference, that's less than half the size of Apple's spaceship. 

    The roofs on the two main buildings, which look like pavilions roofed in sails, were designed that way for a purpose: They're a network of 90,000 scale-like solar panels nicknamed "dragonscales" for their layout and shimmer. By scaling the tiles, Google said the design minimises damage from wind, rain and snow, and the sloped pavilion-like roof improves solar capture by adding additional curves in the roof. 

    Continue reading
  • Pentester pops open Tesla Model 3 using low-cost Bluetooth module
    Anything that uses proximity-based BLE is vulnerable, claim researchers

    Tesla Model 3 and Y owners, beware: the passive entry feature on your vehicle could potentially be hoodwinked by a relay attack, leading to the theft of the flash motor.

    Discovered and demonstrated by researchers at NCC Group, the technique involves relaying the Bluetooth Low Energy (BLE) signals from a smartphone that has been paired with a Tesla back to the vehicle. Far from simply unlocking the door, this hack lets a miscreant start the car and drive away, too.

    Essentially, what happens is this: the paired smartphone should be physically close by the Tesla to unlock it. NCC's technique involves one gadget near the paired phone, and another gadget near the car. The phone-side gadget relays signals from the phone to the car-side gadget, which forwards them to the vehicle to unlock and start it. This shouldn't normally happen because the phone and car are so far apart. The car has a defense mechanism – based on measuring transmission latency to detect that a paired device is too far away – that ideally prevents relayed signals from working, though this can be defeated by simply cutting the latency of the relay process.

    Continue reading

Biting the hand that feeds IT © 1998–2022