eBay Lays Out 3-Year Vision, Expects Slow Growth

To achieve growth, eBay hopes to stabilize its auction business and surf on Paypal's hyper-growth

At its annual analyst day today, eBay provided details of its growth plans through 2011 and highlighted Paypal as its second core business.

The San Jose, Calif.-company core business remains its e-commerce auction marketplace which constitutes about half of eBay’s $8.5 billion annual revenue.

Looking ahead, eBay expects to reach $10 billion to $12 billion in 2011, up from $8.5 billion in 2008, led by strong PayPal growth.

And earnings are also expected to grow, in the mid-single digit range in 2011.

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This entry was posted on Wednesday, March 11th, 2009 at 6:19 pm and is filed under news, web 2.0. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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