{"id":183,"date":"2007-10-18T15:38:21","date_gmt":"2007-10-18T15:38:21","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/uncategorized\/ebay-posts-loss-on-skype-charges\/"},"modified":"2007-10-18T15:38:21","modified_gmt":"2007-10-18T15:38:21","slug":"ebay-posts-loss-on-skype-charges","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2007\/10\/18\/ebay-posts-loss-on-skype-charges\/","title":{"rendered":"EBay posts loss on Skype charges"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"0\" width=\"629\" border=\"0\">\n<tr>\n<td colspan=\"3\">\n<div class=\"mxb\">\n<div class=\"sh\">EBay posts loss on Skype charges<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 416px\" valign=\"top\"><font size=\"2\"><!-- S BO --><!-- S IIMA --><\/p>\n<table cellspacing=\"0\" cellpadding=\"0\" width=\"203\" align=\"right\" border=\"0\">\n<tr>\n<td>\n<div><img loading=\"lazy\" decoding=\"async\" height=\"152\" alt=\"eBay\" src=\"http:\/\/newsimg.bbc.co.uk\/media\/images\/42823000\/jpg\/_42823121_eb_203.jpg\" width=\"203\" border=\"0\" \/><\/p>\n<div class=\"cap\" \/><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!-- E IIMA --><!-- S SF --><strong>EBay has reported a quarterly loss of $936m (\u00c2\u00a3459m), caused by its previously announced admission that it paid too much for internet phone firm Skype.<\/strong>The online auction house said this month it would have to take a $900m charge due to overvaluing Skype, which it bought for $2.6bn in 2005.<\/p>\n<p>However, eBay&#8217;s results still beat market targets, as its revenues for the three months to 30 September soared.<\/p>\n<p>Its third quarter revenues rose 30% from a year earlier to $1.89bn. <!-- E SF --><\/p>\n<p><strong>&#8216;Right thing&#8217;<\/strong><\/p>\n<p>Excluding the Skype charge and other one-off factors, eBay&#8217;s profits would have soared 53%.<\/p>\n<p>EBay president and chief executive Meg Whitman said it was the first time the company had reported a loss since the second quarter of 1999.<\/p>\n<p>&#8220;But the steps we took&#8230; and moving to new management was completely the right thing to do,&#8221; she said.<\/p>\n<p>Analyst Jordan Rohan, of RBC Capital Markets, said that, Skype aside, &#8220;everything looks fine&#8221;.<\/p>\n<p>&#8220;It seems like everything is under control but the Skype write off reminds you that eBay is not infallible.&#8221;<\/p>\n<p><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>EBay posts loss on Skype charges EBay has reported a quarterly loss of $936m (\u00c2\u00a3459m), caused by its previously announced<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[9,48],"tags":[],"class_list":["post-183","post","type-post","status-publish","format-standard","hentry","category-companies","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=183"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/183\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}