01—Abstract
Summary
Summary of the 10-K filed March 25, 2002. Cited figures are marked; the original filing is the authoritative source.
eBay Inc. demonstrated substantial growth in its 2001 fiscal year, with net revenues increasing by 74% to $748.8 milliona, driven primarily by its online marketplace operations.
The company reported a net income of $90.4 millionb, a significant increase from the previous year. User growth was robust, with registered users expanding to 42.4 million and gross merchandise sales reaching $9.3 billion. eBay continued its international expansion, with international net revenues showing strong growth.
The company also highlighted ongoing investments in product development and infrastructure to support its expanding user base and service offerings. Despite strong performance, eBay faces intense competition and potential risks related to regulatory changes, cybersecurity, and intellectual property litigation.
02—Key points
Key Highlights
- Net revenues grew by a significant 74% year-over-year, reaching $748.8 million in 2001.
- Net income saw a substantial increase to $90.4 million in 2001, up from $48.3 million in 2000.
- The number of confirmed registered users grew substantially to 42.4 million by the end of 2001.
- Gross merchandise sales increased by 72% to $9.3 billion in 2001.
- International net revenues experienced strong growth, contributing significantly to the overall revenue increase.
- The company continued to invest in product development, with expenses increasing to $75.3 million in 2001.
- eBay's user base and transaction volume continue to grow, indicating strong market position and user engagement.
03—Questions
Frequently Asked Questions
What was eBay's revenue growth in 2001?
eBay's net revenues grew by 74% to $748.8 million in 2001, compared to $431.4 million in 2000.
How did eBay's profitability change in 2001?
eBay's net income increased significantly to $90.4 million in 2001, up from $48.3 million in 2000, indicating improved profitability.
What are the key growth drivers for eBay?
Key growth drivers include a rapidly expanding user base (42.4 million registered users by end of 2001), increasing gross merchandise sales ($9.3 billion in 2001), and successful international expansion.
What are some of the major risks eBay identified in its 2001 filing?
eBay identified risks such as intense competition, potential for fluctuating operating results, dependence on key personnel, cybersecurity threats, intellectual property litigation, and the impact of new or existing regulations on its business.
04—Continue