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July 21, 2006
Skype'a Sales Up - But Net Figures Undisclosed
Pierre Chappaz, co-CEO of Netvibes and famous founder of Kelkoo, posted in his Kelblog the other day on the ups and downs of the eBay stock price. In passing he mentioned that Skype was going to have net sales of $50M this year - after paying telecoms suppliers but before paying operational expenses - on a total of $200M in revenues this year
We Know Skype's Investors Want To See Some Of That $1.6B Earnout But This Is An Extreme Way To Keep Operational Expenses Down (image source: Life At Skype blog)
We had to follow that one up, and looked into eBay’s latest financials release.
eBay's Communications business (which is only Skype, we believe) brought in revenues of $44 million in the second quarter, up 26 percent from the $35 million reported in first quarter of this year. If that growth continues then it will do almost $200M in sales this year.
But we could not find any reference to sales margins or net sales or net income - and neither did Om Malik who criticized eBay and its analysts for lack of such disclosures.
We asked Chappaz about his source but he declined to say - so we will just have to wait like everyone else to find out if and when eBay's initial payment of $2.6B for Skype will generate returns.
Remember that there's an additional $1.6B earnout agreement based on Skype retaining certain key managers and reaching revenue, as well as profitability milestones over the next three or four years.
Read - La Regle De 30 percent (kelblog)
Read - Skype All Talk Just Not Facts (gigaom)
Read - eBay Announces Q2-06 Financial Results (ebay investor relations)
Posted on July 21, 2006 09:11 AM | Posted to VoIP | Permalink
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