- Company Reports Record Q3 Net Revenues of $1.106 Billion -
- Achieves Q3 GAAP Diluted EPS of $0.18 and Pro Forma Diluted EPS of $0.20 -
- Raises 2005 Net Revenues Guidance and Issues 2006 Guidance -
San Jose, CA, October 19, 2005 eBay Inc. (Nasdaq: EBAY; www.ebay.com) reported financial results for its
quarter ended September 30, 2005.
eBay reported record consolidated Q3-05 net revenues of $1.106 billion, up 37% year over year; operating
income of $356.7 million, up 40% year over year, representing a 32% operating margin; and pro forma
operating income of $393.6 million, up 44% year over year, representing a 36% pro forma operating margin.
Consolidated net income in Q3-05 was $255.0 million, or $0.18 per diluted share. eBay's pro forma
consolidated net income was $280.2 million, or $0.20 per diluted share. Consolidated net income and pro forma
net income include a one-time charge of $16.6 million, or $0.01 per diluted share, from the final application of
tax regulations requiring the inclusion of stock option expense in intercompany cost sharing arrangements.
These results exceeded the high end of the company's guidance of $1.070 billion for net revenues, met the
company's guidance of $0.18 for GAAP earnings per diluted share and exceeded the company's guidance of
$0.19 for pro forma earnings per diluted share.
"We saw very strong growth across every part of our business in Q3," said Meg Whitman, President and CEO
of eBay. "It's wonderful to see so much strength in our two largest marketplaces, the US and Germany. We're
excited about the great momentum eBay and PayPal have going into the holiday shopping season."
eBay also announced that Rajiv Dutta, the company's chief financial officer, will transition to the new role of
president of Skype after his successor is named. Dutta will work with Skype CEO Niklas Zennström and
Whitman on Skype's growth and integration across eBay and... [continues]
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