EBay outlined its three-year growth strategies. In 2015, the company said it expects to enable $300 billion of global commerce, compared to $175 billion in 2012.
John Donahoe (President and CEO, eBay): Led by mobile, a commerce revolution is under way.
EBay expects revenues to grow over 50 percent to at least $21.5 billion in 2015, up from $14.1 billion in 2012. In 2013, eBay expects to generate $20 billion of mobile commerce and payments volume.
John Donahoe, president and CEO with eBay, said drivers for the company’s growth will include an expanded addressable market, mobile commerce, and eBay’s own portfolio of technology assets and capabilities.
EBay Outlook
Total company revenues are expected to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. Free cash flow is anticipated to be greater than $11 billion over the three-year period.
Marketplaces is expected to achieve revenues of $10.5 billion to $11.5 billion in 2015, representing a 14% compound annual growth rate at the midpoint.
PayPal is expected to achieve revenue growth of $9.5 billion to $10.5 billion in 2015, representing a 22% compound annual growth rate at the midpoint.
GSI Commerce is expected to achieve revenue growth of $1.5 billion to $1.7 billion in 2015, representing a 14% compound annual growth rate at the midpoint.
[Image courtesy: eBay]