Yesterday, eBay held an Analyst Day for financial journalists and investment analysts. The purpose of an event like this is to impress the pundits, inspire confidence and encourage institutions and investors to buy eBay stock.
What did I learn? Not a great deal, if I’m frank. PayPal is going to be central to growing eBay Inc’s revenues and is set to be a bigger earner than eBay’s marketplaces. The marketplace is set to see sluggish growth for the next few years until a predicted boost in 2011. Skype doesn’t have any really synergy with eBay and PayPal but it’s a good standalone business.
Comments regarding a ‘secondary market’ stand out. eBay is seeking to be the place where businesses go to liquidate stock. But aside from that, this wasn’t a forum where we were going to get much in the way of specifics. It was essentially a chance for eBay to say: “we’re still in this game”. You can find the full presentation, with its curiously comic graphics, courtesy of Pravda.
So, if you’re sitting comfortably, here’s some reading and other perspectives:
Scot Wingo of Channel Advisor has written up the best and most comprehensive digest of the day on his blog:
Part 1: Opening remarks from John Donohoe.
Part 2: PayPal.
Part 3: eBay Marketplaces.
Part 4: Q&A session.
(Scot provides his own media round-up here.)
In other media:
CNBC Intro video to eBay Analysts Day
CNBC video including an interview with eBay CEO John ‘I like to win’ Donohoe. (The real giggle comes at 1min 48, I suggest)
Reuters zeros in on the importance of PayPal
CNN Money looks at eBay’s ‘secondary market’ ambitions.