Daily News for Friday, January 21, 2005
“EBay Inc. continues to top its own performance records, as 2004 gross merchandise sales rose 44% year-over-year to $34.2 billion from $23.8 billion. The fourth quarter’s growth lagged slightly, rising 39% to $9.8 billion from $7.1 billion, eBay said this week. EBay, which doesn’t conduct direct sales, defines gross merchandise sales as the total value of all transactions conducted on its e-commerce platform.
The online auction company ended the year with 56.1 million active users, up 36% from 41.2 million a year ago. Total payment volume transacted through eBay’s PayPal system rose 55% last year to $18.9 billion, up from $12.2 billion in 2003.
New listings of products for sale reached a record 404.6 million in Q4, up 39% from 291.7 million in the same quarter a year ago.”