Auction site dodges backlash...
By Aled Herbert
Published: 20 July 2001 07:45 GMT
Auction website eBay has bucked the tech and internet stock downturn and reported an 80 per cent yearly jump in revenues for its second quarter.
Profits for the period ending 30 June were up, to $24.6m on revenues of $180.9m. This compares to profits of $7.5m and revenues of $98.2m for the corresponding three months last year.
The total value of goods and services sold on eBay increased to $2.25bn from $1.98bn in the previous quarter and up from $1.29bn in Q2 last year.
eBay's registered user base increased by 4.4 million during the quarter, up to a total of 34.1 million.
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