eBay Expects $13 Billion in Revenues in 2013
eBay said it expects double-digit annual revenue and earnings growth over the next three years. The company outlined its growth plans in a meeting yesterday. eBay expects revenues to reach at least $13 billion in 2013 (compared to $9 billion in 2010).
"New rules of retail are being written today," said President and CEO John Donahoe. "Online and offline commerce are changing and converging, and technology is dramatically influencing how consumers connect, shop and pay. We are at the forefront of shopping innovation. We believe we have core businesses, platforms and assets that strongly position us to compete, win and lead on a global scale. We are confident that we will lead the next generation of commerce."
eBay expects revenue growth to be driven by global momentum of PayPal, profitable growth at eBay, and the acceleration of innovation in mobile, local, social, and digital commerce trends.
The company also intends to create an open commerce platform based on its global commerce and payments capabilities, and "accelerate innovation" for merchants.