EBay expects revenue of up to $23.5B in 2015 (Update)

Mar 28, 2013

EBay Inc. expects its revenue and profit to keep heading higher in the coming years as its e-commerce business and fast-growing PayPal payments service continues to expand.

EBay Inc. said Thursday that it expects revenue to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. Analysts are expecting $21.4 billion, according to FactSet.

The company expects adjusted earnings per share to grow by 15 to 19 percent from 2012 to 2015.

It says PayPal revenue will hit $9.5 billion to $10.5 billion in 2015.

In a meeting with financial analysts Thursday, eBay said it is focused on growing its mobile commerce business and other technologies to "enable new experiences for consumers and retailers."

"Led by mobile, a commerce revolution is under way," said president and CEO John Donahoe in a statement, adding that new technologies "will expand shopping beyond conventional store environments and e-commerce sites."

EBay forecast that $300 billion of commerce and payment volume will go through all of its business units in 2015, up from $175 billion last year.

Some investors had been worried about the company's long-term outlook that was expected to be announced Thursday and sent shares lower earlier this week. EBay's stock closed up more than 4 percent at $54.22 on Thursday and added another 17 cents in after-hours trading.

Explore further: China's Xiaomi raises more than $1 bn in funding

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

EBay first-quarter profit rises 20 percent

Apr 27, 2011

(AP) -- EBay Inc. on Wednesday said its first-quarter profit rose 20 percent on reinvigorated auctions activity and continued swift growth at its PayPal payment service.

EBay posts higher 1Q net income and revenue

Apr 18, 2012

(AP) -- EBay's first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors sent the company's ...

EBay 3Q profit rises 23 percent

Oct 20, 2010

(AP) -- EBay Inc. on Wednesday said its third-quarter profit climbed 23 percent, helped by its growing PayPal business.

EBay posts higher 3Q earnings, revenue

Oct 17, 2012

EBay reported Tuesday that its third-quarter net income rose 22 percent thanks to higher revenue at its PayPal payments service and at the marketplaces business that includes eBay.com.

EBay reports higher 4Q earnings, revenue (Update)

Jan 18, 2012

(AP) -- EBay reported on Wednesday that its net income grew sharply in the fourth quarter, helped by a gain from the sale of its remaining investment in Skype. Its results beat Wall Street's expectations, ...

Recommended for you

China's Xiaomi raises more than $1 bn in funding

23 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.