Listening to the eBay Quarterly investor phone call, eBay President Meg Whitman announced that Skype had its first profitable quarter in Q1-2007. Other highlights:

• Skype Revenue up 20% from Q4-06 to $78.5MM
• Registered Accounts up 14% to 195.5MM
• Margins for Skype are targeted to be 20% to 25% "over time"
• Skype-to-Skype minutes increased only 1% from Q4-06 to 7.7B
• SkypeOut minutes remained flat from Q4-07 at 1.5B minutes
• Termination of promotions in North America and Asia were a large part of the impact on usage minutes.

This is a quick summary; it introduces lots of questions. More commentary to follow once I have had a chance to look at the numbers in more detail.

Overall eBay met or exceeded analyst expectations and revised their guidance upward. Full news release from eBay is here. Also a Reuters summary in the Globe and Mail Report on Business.

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