eBay reported its first quarter results today with revenues of $2.19B, up $424M from the same quarter last year. Its GAAP net income was $460M, or $0.34 per diluted share.
Skype revenues were $126M with 61% year-over-year growth (although revenue is decelerating rapidly). During the first part of this year, Skype added 33M registered users, bringing its total to 309M users. This makes the Skype user base the largest within eBay’s collection of services.
The report signifies that Skype is hanging in there despite the setbacks of last fall that involved CEO Niklas Zennstrom stepping down and earning only 1/3 earnout.
We’ve heard nothing new regarding the possible Google partnership or acquisition with/of Skype, although a partnership looks more likely.