LMAO at EBAY saying paypal revenue will jump 100% by 2011 to $5-6B
The company laid out its vision for 2011: * Revenues of $10 billion to $12 billion, up from $8.5 million in 2008. * "if it was this easy to make revenues jump 50% why didn't they do it earlier???? LMAO at the lies...."
March 11, 2009,
eBay Lays Out 3-Year Growth Plan; http://blogs.barrons.com/techtraderdaily/2009/03/11/ebay-lays-out-3-year-growth-plan-refocusing-on-paypal/?mod=yahoobarrons
Refocusing On PayPal Posted by Eric Savitz At a time when most companies aren’t willing to offer guidance on the March quarter, eBay (EBAY) is laying out its vision for 2011. And what it sees is a big opportunity for PayPal. In connection with the company’s analyst meeting today, eBay said its growth will be drive by its two core businesses: PayPal and e-commerce. In something of a repositioning, the company says that PayPal “has become a second core business,” with an opportunity to become even bigger than eBay Marketplaces. CEO John Donahoe said in a statement that the company expects PayPal to become “the next leading online global payments network,” and that PayPal is “one of the most exciting and high-potential opportunities anywhere online today.” That’s important, because the company isn’t really expecting to see any growth from the Marketplaces business, which has been shrinking in recent quarters. Meanwhile, he said the company is “aggressively remaking and transforming” the Marketplaces business. The company laid out its vision for 2011: * Revenues of $10 billion to $12 billion, up from $8.5 million in 2008. * Earnings growth in the mid-single-digit range. * Free cash flow of $6 billion to $7 billion over the 2009-2011 period. * PayPal revenue of $4 billion to $5 billion in 2011, up from $2.4 billion in 2008. * eBay Marketplaces revenue of $5 billion to $7 billion in 2011, with a shift toward more fixed price sales, a smaller online auction business and more growth in classifieds and advertising. The company said it is more aggressively targeting liquidation, out-of-season, excess and off-price inventory. In 2008, revenue from Marketplaces was $5.58 billion. * Skype is expects to more than double revenue to over $1 billion.