eBay Expects 50% Revenue Growth Over Next Three Years
Mar 28th 2013 9:37PM
Updated Mar 28th 2013 9:42PM
eBay anticipates that its take from the transactions conducted through its website will lead to a top-line boost of at least 50% over 2012's figure in 2015. The company believes it will take in a minimum of $21.5 billion in revenues in the latter year, more than $7 billion more than the $14.1 billion it reaped in 2012.
This is because of advances in technology, which have broadened access to eBay's services. The firm quoted its CEO John Donahoe as saying that such advances are "creating a new web-enabled retail interface, a new seamless, multiscreen commerce experience that connects consumers anytime, anywhere."
According to eBay's estimate, the firm should enable roughly $300 billion of global commerce in 2015, a notable increase from the $175 billion of 2012.
The article eBay Expects 50% Revenue Growth Over Next Three Years originally appeared on Fool.com.Fool contributor Eric Volkman has no position in eBay. The Motley Fool recommends eBay. The Motley Fool owns shares of eBay. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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