eBay profit rises, beat estimates

Uit het persbericht: eBAY INC. ANNOUNCES FIRST QUARTER 2005 FINANCIAL RESULTS - Company Reports Record Q1 Net Revenues of $1.032 Billion - - Achieves Q1 GAAP Diluted EPS of $0.19 and Pro Forma Diluted EPS of $0.20 - - Raises 2005 Net Revenues, Operating Margin and EPS Guidance - San Jose, CA, April 20, 2005 - eBay Inc. (Nasdaq: EBAY; www.ebay.com), the World’s Online Marketplace, reported financial results for its quarter ended March 31, 2005. eBay reported record consolidated Q1-05 net revenues of $1.032 billion, up 36% year over year; operating income of $335.6 million, up 26% year over year, representing a 33% operating margin; and pro forma operating income of $367.4 million, up 28% year over year, representing a 36% pro forma operating margin. Consolidated net income in Q1-05 was $256.3 million, or $0.19 per diluted share. eBay’s pro forma consolidated net income, excluding certain items, was $275.5 million, or $0.20 per diluted share. These results exceeded the high end of the company’s guidance of $1.030 billion for net revenues, $0.17 for earnings per diluted share, and $0.18 for pro forma earnings per diluted share. These results and guidance reflect the two-for-one split of all outstanding shares of eBay’s common stock, which was effective in Q1-05. “A record jump in registered users, record GMV, tremendous PayPal growth, and record net revenues all highlighted a wonderful quarter for eBay,” said Meg Whitman, President and CEO of eBay. “The eBay community is thriving, and we’re in an excellent position to deliver on both the top line and profit goals we’ve set out for 2005 and beyond.”