eBay Inc. Lays Out its Three-Year Growth Plan
eBay Inc. outlined its three-year growth strategy for analysts and media Thursday morning, showcasing the companyâ€™s leadership position in the technology-driven new commerce environment.
At the San Jose, Calif-based event, eBay said it intends to drive strong continued growth in its core Marketplaces, PayPal and GSI Commerce businesses. In 2015, the company expects to enable $300 billion of global commerce, compared to $175 billion in 2012. The company also expects revenues to grow over 50 percent to at least $21.5 billion in 2015, up from $14.1 billion in 2012.
â€œLed by mobile, a commerce revolution is under way,â€ said eBay Inc. President and Chief Executive John Donahoe in his opening remarks. â€œHow we shop is being transformed, and eBay Inc. intends to be a leader in this new commerce world.â€
Donahoe indicated that eBay Inc. has three strong advantages that he believes will drive the companyâ€™s growth, namely an expanded addressable market, mobile commerce leadership and innovation, and a strong portfolio of technology assets and capabilities. Executives shared their view that eBay Inc. is no longer just an ecommerce company; itâ€™s a true global commerce leader that is being boosted by the synergy of the companyâ€™s core businesses and assets.
Based on current business trends and expectations, the company provided select financial outlook for the three-year period ending 2015. Led by continued innovation in the companyâ€™s core businesses and the companyâ€™s mobile commerce leadership, total company revenues are expected to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012, said Bob Swan, eBay Incâ€™s Senior Vice President, Finance and Chief Financial Officer.
â€œI believe we will lead and be one of the major winners in the revolution,â€ said Donahoe, noting that over the past five years, the company has demonstrated its ability to innovate and execute. â€œAnd as we look ahead, we believe that the opportunities align with our companyâ€™s full potential.â€
â€œI like our position,â€ he said.