[img src="" caption="" credit="" alt=""]eBay has reported earnings for its most recent quarter, and with it, results on how its subsidiaries including PayPal, Skype, and StubHub are performing. Additionally, eBay has announced that effective March 31st, CEO Meg Whitman will be replaced by John Donahoe, who was previously serving as President of Marketplaces.
Overall, eBay’s revenue for the quarter was $2.18 billion, up 27% from the same period last year. Looking at the specific business units of eBay:
Marketplaces, which most notably includes eBay’s auction business, StubHub, and Shopping.com, grew 21% to $1.5 billion in sales.
PayPal grew 35% while processing a total of $14.04 billion in payments in the quarter. That equates to $563 million in revenue.
Skype totaled $115 million in revenue, which represents 76% year-over-year growth.
Although the auction business is slowing (listings grew only 4 percent year-over-year) to the point where eBay may be forced to lower listing fees, the growth in other areas is encouraging. On the other hand, it could be argued that eBay has become more of a holding company than a pure play Internet company, since very few of the company’s secondary businesses have been tightly integrated into the core auction service.