Ebay sees revenue boost

SAN JOSE, Calif. Ebay posted fourth-quarter revenue of $2.4 billion, up 16% from the same period last year. This includes revenue of $112 million from Skype for the period that the company fully owned it. Excluding Skype from the fourth quarter of 2008 and the fourth quarter of 2009, revenue growth would have been 19%.

The company recorded net income on a GAAP basis of $1.4 billion or $1.02 per diluted share, and non-GAAP net income of $585.8 million or 44 cents per diluted share for the fourth quarter of 2009.

For the full year, Ebay posted $8.7 billion in revenue, net income on a GAAP basis of $2.4 billion or $1.83 per diluted share, and non-GAAP net income of $2.1 billion or $1.58 per diluted share.

“We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional performance at PayPal and turnaround progress and momentum in our core Ebay business,” said Ebay resident and CEO John Donahoe. “PayPal significantly expanded its presence globally and, for the first time, processed more than $20 billion in total payment volume in a quarter. Gross merchandise volume and sold items accelerated for the third consecutive quarter. We are starting 2010 with significant progress against our three-year growth strategies for PayPal and Ebay and a clear focus on our priorities going forward.”