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(April 20, 2001) -- Online trading community eBay, San Jose, Calif., reported increased earnings in the first quarter of 2001. The company announced that its net revenues of $154.1 million for the quarter was a 79% leap over the $85.9 million generated in the same period of 2000.

The company's online net revenues also grew by 90% year over year to $147.4 million, with 20% sequential growth from the $77.4 million reported in the first quarter of 2000 and $123.1 million reported in the fourth quarter of 2000.

In addition, eBay added more than 7.2 million users during the quarter for a total of 29.7 million registered users, including 3.2 million registered users from Internet Auction Co. in South Korea. Excluding South Korea, registered users increased 110% over the number at the end of first-quarter 2000. -- Adrienne Mand

Copyright April 2001, Crain Communications Inc.

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