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EBAY INC Quarterly Report (Amendment) 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/A filed April 24, 2008. Cited figures are marked; the original filing is the authoritative source.

eBay Inc.'s Q1 2008 report (filed April 24, 2008) shows robust year-over-year growth, with net revenues increasing by 24% to $2.2 billiona.

This growth was driven by strong performance across its Marketplaces, Payments (PayPal), and Communications (Skype) segments. Net income rose to $459.7 millionb ($0.34 per diluted share) from $377.2 million ($0.27 per diluted share) in the prior year's quarter, partly aided by a lower effective tax rate.

The company continues to invest in its Marketplaces segment to enhance user experience and is seeing strong momentum in its Payments and Communications businesses. Despite overall growth, operating margin slightly decreased to 25% from 26% due to the faster growth of lower-margin businesses like PayPal and Skype. eBay also repurchased approximately $1 billionc of its stock in the quarter, contributing to a lower diluted weighted average share count.

02—Key points

Key Highlights

  1. Net revenues grew 24% year-over-year to $2.2 billion in Q1 2008.
  2. Net income increased to $459.7 million, or $0.34 per diluted share, from $377.2 million, or $0.27 per diluted share, in Q1 2007.
  3. Operating income was $552.8 million, representing 25% of net revenues.
  4. Marketplaces segment revenue grew 19%, Payments segment revenue grew 32%, and Communications segment revenue grew 61%.
  5. The company acquired Fraud Sciences Ltd. on January 30, 2008, for approximately $153.6 million to enhance PayPal's fraud management systems.
  6. eBay repurchased approximately $1 billion of its common stock in the first quarter of 2008.
  7. Total assets decreased slightly from $15.37 billion at year-end 2007 to $15.05 billion at the end of Q1 2008.

03—Questions

Frequently Asked Questions

  1. What was eBay's primary financial performance driver in Q1 2008?

    eBay's primary financial performance driver in Q1 2008 was a 24% year-over-year increase in net revenues to $2.2 billion, propelled by strong growth across all three of its core segments: Marketplaces, Payments (PayPal), and Communications (Skype).

  2. How did the acquisition of Fraud Sciences Ltd. impact the financial statements?

    The acquisition of Fraud Sciences Ltd. on January 30, 2008, for approximately $153.6 million, was accounted for as a taxable purchase. It resulted in the recognition of $135.5 million in goodwill and $23.2 million in developed technology intangible assets. Its results were included in the Payments segment's financial performance from the acquisition date onwards.

  3. What is the trend in eBay's stock repurchase activity?

    eBay continued its significant stock repurchase activity in Q1 2008, repurchasing approximately $1 billion of its common stock. This contributed to a decrease in the diluted weighted average share count, thereby boosting earnings per diluted share.

  4. How did foreign currency exchange rates affect eBay's results in Q1 2008?

    eBay experienced a positive impact from foreign currency translation in Q1 2008. Net revenues were positively impacted by approximately $110.2 million, and operating income by approximately $57.0 million, due to the weakening of the U.S. dollar against other currencies, primarily the Euro.

04—Continue

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