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EBAY INC Quarterly Report for Q2 Ended Jun 30, 2007

Filing Date
Filed July 27, 2007
Period End
June 30, 2007
Security
EBAY
In the record · 2016–202610-K1710-Q338-K128

EBAY filed 17 annual reports (10-K), 33 quarterly reports (10-Q) and 128 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Deal closed8-K · Feb ’20Feb ’20
  3. Leadership change8-K · Sep ’21Sep ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 10-Q filed July 27, 2007. Cited figures are marked; the original filing is the authoritative source.

eBay Inc. reported strong financial performance for the six months ended June 30, 2007, with net revenues growing 29% year-over-year to $3.6 billiona.

This growth was driven by robust performance across all three operating segments: Marketplaces, Payments (PayPal), and Communications (Skype). Net income for the period significantly increased to $753 millionb, up from $498 million in the prior year. The company demonstrated solid operational efficiency, with income from operations rising to $924.7 million. eBay continued to return capital to shareholders, repurchasing approximately $675 million of its common stock in the first six months of 2007, underscoring a commitment to shareholder value.

The company's balance sheet remains strong, with total assets growing to $14.4 billionc. Cash and cash equivalents increased substantially to $3.4 billion, providing ample liquidity for ongoing operations and strategic investments.

The acquisition of StubHub in February 2007 for $292.4 milliond further diversifies eBay's offerings within the Marketplaces segment. Despite ongoing legal proceedings, eBay maintains a positive outlook, expecting continued revenue growth driven by its diverse business segments.

02—Key points

Key Highlights

  1. Net revenues for the six months ended June 30, 2007, increased by 29% to $3.6 billion compared to the same period in 2006.
  2. Net income for the six months ended June 30, 2007, rose to $753 million, a significant increase from $498 million in the prior year.
  3. The company repurchased approximately $675 million of its common stock during the first six months of 2007.
  4. Cash and cash equivalents saw a substantial increase to $3.4 billion as of June 30, 2007.
  5. The acquisition of StubHub, Inc. for $292.4 million in February 2007 was a notable strategic move.
  6. The Marketplaces, Payments (PayPal), and Communications (Skype) segments all demonstrated strong revenue growth.
  7. The effective tax rate decreased to 23% for the six-month period ended June 30, 2007.

03—Questions

Frequently Asked Questions

  1. How did eBay's revenue perform in the first half of 2007?

    eBay reported strong revenue growth, with net revenues increasing by 29% to $3.6 billion for the six months ended June 30, 2007, compared to the same period in 2006. This growth was driven by all three segments: Marketplaces, Payments (PayPal), and Communications (Skype).

  2. What is the company's profitability and how is it returning capital to shareholders?

    Net income for the first six months of 2007 was $753 million, a significant increase from $498 million in the prior year. During this period, eBay repurchased approximately $675 million of its common stock, demonstrating a commitment to returning capital to shareholders.

  3. What significant strategic acquisitions or investments did eBay make?

    eBay completed the acquisition of StubHub, Inc. for $292.4 million in February 2007. This acquisition is expected to enhance its position in the online marketplace for event tickets.

  4. How is eBay managing its cash and financial position?

    eBay's financial position remains strong, with cash and cash equivalents increasing to $3.4 billion as of June 30, 2007. The company generated $1.2 billion in net cash from operating activities in the first half of 2007, indicating robust operational cash flow.

04—Continue

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