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Thursday, 22nd April 2004 (5860 views)

Online auction site EBay has reported first quarter revenues of $756 million in its latest trading figures.<BR/><BR/>The company, which auctions items such as gold jewellery attributed growth to increased subscriber numbers, international acquisitions and busier auctions.<BR/><BR/>Figures were up by around 60 per cent compared to last year and beat Wall Street forecasts.<BR/> <BR/>Meg Whitman, chief executive officer of eBay said: "Q1 was an outstanding quarter for eBay. An active community of users worldwide, superb internal execution and momentum from a strong Q4 helped us deliver record results across the board." <BR/><BR/>Reportedly the number of active users on the site increased by 25 per cent during the first quarter and the site now has twelve auction categories including jewellery.<BR/><BR/>Average users spend or make around $550 on goods through the site throughout the year.

 

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