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eBay Inc posts $7.67 bln in revenue

eBay Inc. today reported financial results for its Q4 and year ended December 31, 2007. The ecommerce company posted Q4 revenue of $2.18 billion, representing a $461 million year-over-year increase.

Revenue grew across all businesses highlighted by more robust growth from PayPal, StubHub, Skype, classifieds and advertising. eBay Inc. recorded net income on a GAAP basis of $531 million or $0.39 per diluted share, and non-GAAP net income of $611 million or $0.45 per diluted share. For the full year, eBay posted $7.67 billion in revenue, net income on a GAAP basis of $348 million or $0.25 per diluted share, and non-GAAP net income of $2.11 billion or $1.53 per diluted share.

GAAP operating margin increased to 28.7% for the quarter, compared to 26.2% for the same period last year. Non-GAAP operating margin increased to 34.6% for the quarter, from 33.4% for the same period last year.  For the full year GAAP operating margin came in at 8.0%, with non-GAAP operating margin at 33.1%. eBay Inc. generated $793 million of operating cash flow and $665 million of free cash flow during the Q4.

The company’s full year operating cash flow was $2.64 billion and free cash flow was $2.19 billion. “We’re very pleased with the results for the quarter which were strengthened by a solid holiday shopping season,” said eBay Inc. President and CEO, Meg Whitman. “We had a remarkably strong year from a financial perspective.  We enter 2008 with our most diverse portfolio of ecommerce offerings ever - positioning us to drive long-term growth in the global ecommerce market.” (Moneycontrol)