eBay 2006 Annual Report Download - page 48
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Seasonality
The following table sets forth, for the periods presented, our total net revenues and the sequential quarterly
growth of these net revenues.
March 31 June 30 September 30 December 31
Quarter Ended
(In thousands, except percentages)
2004
Net revenues ..................... $ 756,239 $ 773,412 $ 805,876 $ 935,782
Current quarter vs prior quarter ....... 17% 2% 4% 16%
2005
Net revenues ..................... $1,031,724 $1,086,303 $1,105,515 $1,328,859
Current quarter vs prior quarter ....... 10% 5% 2% 20%
2006
Net revenues ..................... $1,390,419 $1,410,784 $1,448,637 $1,719,901
Current quarter vs prior quarter ....... 5% 1% 3% 19%
We expect transaction activity patterns on our websites to increasingly mirror general consumer buying
patterns, both online and offline, as our business expands, with the strongest sequential growth occurring in the
fourth quarter. Our expectation is that Skype’s business will experience seasonally slower growth during holiday
and vacation periods.
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