Thursday, 22nd April 2004 (4150 views)

Online auction site EBay has reported first quarter revenues of $756 million in its latest trading figures.

The company, which auctions items such as gold jewellery attributed growth to increased subscriber numbers, international acquisitions and busier auctions.

Figures were up by around 60 per cent compared to last year and beat Wall Street forecasts.

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."

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.

Average users spend or make around $550 on goods through the site throughout the year.

 

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