Skype's 2009q1 showed IPO-worthy growth and profits

CORRECTION: Skype's year-over-year revenue growth is 38% after correcting for foreign exchange. We reported 28%. 

eBay announced quarterly reports today. Skype did well. Activity continues to go up, revenue goes up, people keep joining at a faster rate.

Skype's Freemium Rate (the blue line below) holds steady, showing people are still willing to pay to talk, finding value in Skype's paid services.

26.5 billion minutes called last quarter. 23.6 billion minutes free Skype-to-Skype, 2.9 billion minutes Skype-to-PSTN. 1 in 8 people paid for Skype calling (Freemium Rate: 8.1).

Revenues continue to rise at a rate about the same as new users trying Skype.  

Revenue: $153.2 million

• $613 million/year run rate
• 21% year-over-year growth in dollars, 38% yoy foreign exchange neutral
• $143 million from transactions, $10 million from marketing and other revenue
• 80% from international (non-USA) sources

37.9 million new accounts

• 416,484 new accounts per day
• 443.2 million accounts (cumulative)

Skype reports non-mobile users connected to the Skype cloud (Skype dialtone) throughout the day. On weekdays, this number is now ranging between 16-17 million at peak and 9-10 million. It rolls as different time zones come online. This puts the number of active users at between 100 and 150 million by Skype Journal estimates.

The growth in online users has been growing in a straight line for years. There's a summer slow-down for seasonality, but Skype could be at a weekday peak of 18 million simultaneous by 2009 year-end.

Skype is on page 16 of eBay's slides below.

eBay 2009q1 Earnings Slides

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tags: skype, ebay, financials, 2009q1, stats, statistics, trends

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