john donahoe

John Donahoe Discusses Q2 Earnings on CNBC

eBay CEO, John Donahoe, appeared on CNBC last week to discuss eBay’s strong Q2 earnings. Mobile, in particular, was credited with having a huge impact on revenue:

“We made a very big bet on mobile three or four years ago, and it’s really paying off,” he added. “These devices are becoming essential control systems of our lives.”

John later pointed out that over 90 million people have downloaded the eBay Mobile App and that eBay is expected to do over $10 billion of volume on its mobile apps this year.

Still not sold on mobile?

I wanted to share this piece for two reasons. First, I think it’s always helpful to understand the financial health of your business partners. After all, you put a lot of stock in your relationship with ePN and you want to be sure our company is in a strong place. Second, I wanted to emphasize the impact that mobile is having on revenue at eBay. Sure, in many cases John is talking about mobile apps, but it also means you should be thinking about whether or not your own site is optimized for mobile traffic.

There’s a lot of info to process here. We’d love to get your feedback in the comments below.

 

eBay CEO, John Donahoe, to Keynote at Mobile World Congress

Next week eBay CEO, John Donahoe, will be speaking at the Mobile World Congress in Barcelona, Spain in a keynote panel session called “The Connected Consumer.” John joins the CEOs of Best Buy and IPG to talk about how brands can best reach the increasing connected consumer on electronic devices:

From desktop PCs and games consoles to smartphones and tablets, Internet connectivity is now a pre-requisite for most consumer electronics devices. With so many consumers connected to multiple devices, content providers, advertisers and brands are experiencing an unprecedented access to end users, but the fragmented and personal nature of the mobile Internet poses a challenge to these players as they plan which engagement channels, strategies and business models will drive growth and justify investment in the digital space. Meanwhile, fixed and mobile Internet service providers, as well as equipment manufacturers will be challenged to provide a seamless online experience to increasingly tech-savvy and demanding consumers.



How can stakeholders from different elements of the broad mobile ecosystem work together to deliver the services which will match the technological innovations we are seeing in the consumer electronics space today? Join industry leaders from the world’s retail, advertising and mobile companies as they discuss the future of the connected consumer.

Moderator: Ben Wood, Chief of Research, CCS Insight

Speakers Include:

Brian Dunn, CEO, Best Buy Company Inc

John Donahoe, President & CEO, eBay

Michael Roth, Chairman & CEO, IPG

If you’re attending Mobile World Congress this is a must-see session. It takes place Monday, February 27th from 11:30 AM – 1:00 PM in Hall 5 – Auditorium 1. You can get full details at the Mobile World Congress web site. If you do attend, please come back and post your thoughts here.

eBay CEO Shares Insights on Consumer Shopping Trends

Last week eBay CEO, John Donahoe, gave the keynote at the CEA Leaders in Technology Dinner as part of CES in Las Vegas. Shortly after, eBay’s Chief Blogger, Richard Brewer-Hay, sat down with John to chat about how the world of shopping and paying in fundamentally changing:

“We’re on the cusp of what is a revolution in retail and we’re really beginning to see how consumers are using technology to change how they shop… both at home and in stores and on the sidewalk.”

Additionally, there are some ambitious forecasts around mobile and payments for 2012. eBay is projecting 2012 global mobile gross merchandise volume (GMV) to surpass $8 billion. PayPal projects that its global mobile total payment volume (TPV) will be $7 billion in 2012. Will this change the way you think about your business? We’d love to get your comments below.

[VIDEO]: eBay CEO, John Donahoe, Talks Q2 Earnings

Last week eBay announced earnings for the second quarter of 2011. Revenue was up 25% for a total of $2.8 billion. eBay CEO, John Donahoe, talked to CNBC about the types of things in play that made this quarter so strong.

Of particular interest to me in that segment was John's take on the increasing impact of mobile devices and that he believes we're seeing a "fundamental shift in the way people shop and the way they pay because now you can access the internet 7 days a week, 24 hours a day. We see that in our eBay and our PayPal business where we've had 45 million people download our mobile app and it will do $4 billion in volume this year."

Expanding on John's view of eBay's increasing mobile commerce presence, MediaPost recently published a story called "eBay Everywhere is Here" that takes a deeper dive into what this increased accessibility means to consumers and eBay's bottom line.

What does this trend mean for you as a publisher? Does it cause you to think about your business differently? We'd love your constructive comments below.