Unlike fellow VoIP pioneer Vonage, eBay-owned Skype appears to be doing alright. eBay issued its Q1 07 earnings report this afternoon showing very strong growth in Skype’s registered user base and revenues, both of which more than doubled year-over-year. Skype’s registered user base jumped by 107% to 197 million, while revenues leaped by 123% to $79 million.
At this rate, Skype is on track to generate $400 million in revenue during 2007, assuming only modest growth in both registered users and revenue per registered user (although the more valuable metric, which is not readily available, is how many paid users Skype captures on a quarterly basis, given that the majority of registered users pay nothing for the service).
| Skype User, Revenue Stats (in mil.) | ||||
| Num. of Registered Users | Quarterly Change | Revenue | Rev/User | |
| Q104 | 4.1 | na | na | na |
| Q204 | 6.8 | 2.7 | na | na |
| Q304 | 11.5 | 4.7 | na | na |
| Q404 | 19.8 | 8.3 | na | na |
| Q105 | 32.9 | 13.1 | na | na |
| Q205 | 44.1 | 11.2 | na | na |
| Q305 | 54.0 | 9.9 | na | na |
| Q405 | 74.7 | 20.7 | na | na |
| Q106 | 94.6 | 19.9 | $ 35.20 | $ 0.37 |
| Q206 | 113.0 | 18.4 | $ 44.00 | $ 0.39 |
| Q306 | 136.0 | 23.0 | $ 50.00 | $ 0.37 |
| Q406 | 171.0 | 35.0 | $ 66.00 | $ 0.39 |
| Q107 | 196.0 | 25.0 | $ 79.00 | $ 0.40 |
| Source: Emerging Media Dynamics analysis of company data © 2007. | ||||
eBay overall is doing alright too. Fueled by growth in not only Skype, but also by growth in its hot electronics payment property PayPal, eBay’s revenues grew by a healthy 27% to $1.7 billion, and its profits jumped by 52% to $377 million, year-over-year.
Pumped by its good performance, eBay may in a shopping mood. Mike Arrington reports that the company has all but signed on the dotted line in a deal to buy web recommendation company StumbleUpon for at least $40 million.
Cynthia Brumfield at 8:31 PM|Comments(1)
Wondering if the half price annual fee promo that Skype ran in the first quarter led to a burst in revenues?
Posted by: anon at April 18, 2007 11:35 PM
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