Skip to content
AnalystLens

EBAY INC Quarterly Report for Q1 Ended Mar 31, 2008

Filing Date
Filed April 24, 2008
Period End
March 31, 2008
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 April 24, 2008. Cited figures are marked; the original filing is the authoritative source.

eBay Inc.'s Q1 2008 10-Q filing shows a solid financial performance with net revenues growing 24% year-over-year to $2.2 billiona.

This growth was driven by strong contributions from all three segments: Marketplaces, Payments (PayPal), and Communications (Skype). Operating income reached $552.8 millionb, representing 25% of net revenues, while net income increased to $459.7 million, resulting in diluted earnings per share of $0.34.

The company continued to execute its robust stock repurchase program, significantly reducing the diluted share count and contributing to the EPS growth. Despite increased operating expenses, particularly in legal and marketing, eBay demonstrated strong cash flow generation from operations, providing ample liquidity for ongoing investments and capital returns to shareholders.

02—Key points

Key Highlights

  1. Net revenues grew 24% year-over-year to $2.2 billion, driven by all business segments.
  2. Operating income was $552.8 million, representing a 25% operating margin.
  3. Net income rose to $459.7 million, with diluted EPS of $0.34.
  4. Significant stock repurchases continued, with approximately $1 billion repurchased in Q1 2008, reducing share count and supporting EPS.
  5. Acquisition of Fraud Sciences Ltd. for approximately $153.6 million to enhance PayPal's fraud management capabilities.
  6. Despite increased operating expenses, particularly legal and marketing, the company maintained strong operational cash flow.
  7. International revenue growth significantly outpaced U.S. growth, highlighting the company's global reach.

03—Questions

Frequently Asked Questions

  1. What was eBay's revenue performance in the first quarter of 2008?

    eBay reported a 24% year-over-year increase in net revenues for the first quarter of 2008, reaching $2.2 billion. This growth was broad-based across its Marketplaces, Payments (PayPal), and Communications (Skype) segments.

  2. How did eBay's profitability fare in Q1 2008?

    The company demonstrated strong profitability with an operating income of $552.8 million, or 25% of net revenues. Net income was $459.7 million, translating to diluted earnings per share of $0.34, an increase from the prior year's period.

  3. What was the impact of stock repurchases on earnings per share?

    eBay continued its aggressive stock repurchase program, buying back approximately $1 billion of common stock in Q1 2008. This action significantly reduced the weighted average diluted share count, contributing to the year-over-year increase in diluted earnings per share.

  4. Did eBay make any significant acquisitions during the quarter?

    Yes, eBay acquired Fraud Sciences Ltd. for approximately $153.6 million. This acquisition is expected to enhance PayPal's fraud management systems and accelerate the development of next-generation fraud detection tools.

04—Continue

← View all 10-Q filings