Paypal expects revenue to double by 2011
Paypal expects revenue to double by 2011
Where’s eBay’s growth going to come from in the next few years? PayPal, its online payment system, executives said today at eBay’s analyst day in San Jose. (via Silicon Alley Insider)
eBay expects PayPal revenues to double by 2011 to roughly $4-5 billion in sales. PayPal reported $2.4 billion of sales last year, or about 30% of eBay’s $8.5 billion of overall sales.
The company also expects Skype to be a $1 billion business in 2011. eBay’s Communications business — Skype — reported $551 million in sales last year. So that’s about 80% growth in three years.
Tags: ebay, paypal, silicon alley insider
Mon, Mar 16, 2009
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