Emergic: Rajesh Jain's Blog

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Surging eBay

August 9th, 2002 · No Comments

eBay continues its incredible growth, according to the WSJ:

eBay Inc. Chief Financial Officer Rajiv Dutta said that having more international transactions and putting more types of products on sale will drive revenue growth.

He said growth “will come by expanding the categories of businesses we are in and the geography across that whole host of categories.”

Ebay had 145 million items listed for sale across 18,000 product categories in the second quarter, he said, and a base of 50 million registered users.

In the second quarter, gross sales of transactions was $3.4 billion, or an average sale of $432, said Mr. Dutta. He said eBay typically makes $1.50 to $1.65 on each transaction. Transaction revenue was 88% of total revenue in the second quarter. Total revenue in the second quarter rose 47% to $266.2 million from a year ago.

Relatively new categories such as the company’s “Motors” section are showing rapid growth, making eBay “arguably one of world’s largest used car sellers in the world,” Mr. Dutta said. Plus, more traditional categories are seeing strong growth.

We need to create a eBay for used technologies (like PCs) targeted at the emerging markets of the world. Or perhaps use eBay itself.

Tags: General

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