eBay reported consolidated fourth-quarter net sales of $935.8 million, up 44% over the previous year’s sales. Consolidated net income in the fourth quarter was $205.4 million.
The results exceeded the company’s forecast of $915 million in net revenues for the quarter, which ended Dec. 31, 2004. For the full year, eBay generated consolidated net revenues of $3.27 billion, a 51% increase over the $2.17 billion reported in 2003. Consolidated net income increased 76% to $778.2 million.
Jewelry & Watches at $1.7 billion was one of 12 “key” categories that generated more than $1 billion for the year.
“Our strong Q4 results capped off outstanding success throughout the year, with exceptional growth across every part of the business,” said Meg Whitman, president and CEO of eBay. “We have tremendous momentum going into 2005, and I’m more confident than ever that the decisions and investments we’re making today will ensure a bright future for the company and our community of users around the world.”
The 12 other top category performers are:
* eBay Motors at $11.1 billion;
* Consumer Electronics at $3.5 billion;
* Computers at $3.0 billion;
* Clothing & Accessories at $2.9 billion;
* Books/Movies/Music at $2.4 billion;
* Collectibles at $2.2 billion;
* Home & Garden at $2.0 billion;
* Toys at $1.8 billion;
* Sports at $1.8 billion;
* Jewelry & Watches at $1.7 billion;
* Cameras & Photo at $1.3 billion; * Business & Industrial at $1.2 billion.Follow JCK on Instagram: @jckmagazine
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