eBay reports decrease in 4Q revenue

SAN JOSE, Calif. eBay reported fourth quarter revenue of $2.04 billion, representing a $145 million year-over-year decrease due primarily to the impact on eBay of a stronger dollar and macroeconomic conditions globally. The company recorded net income on a GAAP basis of $367 million or 29 cents per diluted share, and non-GAAP net income of $524 million or 41 cents per diluted share.

For the full year, eBay posted $8.54 billion in revenue, net income on a GAAP basis of $1.78 billion or $1.36 per diluted share, and non-GAAP net income of $2.24 billion or $1.71 per diluted share.

"While the holiday season was tough and competitive, our overall results for 2008 were strong," said eBay Inc. president and CEO John Donahoe. "For 2008, we delivered double-digit revenue and earnings growth; made significant changes in our eBay business; and built a stronger, more diverse portfolio of leading e-commerce businesses. We will build on our strengths in 2009 while managing our business prudently in the continued challenging environment."