Skype Q1 revenues up

To no one's surprise, Skype continues its cash generating ways. eBay's Q1 financial statement released Wednesday reveals the company continues to grow revenues, minutes and users.

For the first quarter of 2009, Skype (well, eBay) reported revenues of $153.2 million; this is up from $145 million in Q4 2008 and puts the company on pace for more than $600 million in revenues for the year.

There are a total of 443.2 million registered Skype users, with 37.9 million added during Q1 2009. Contrast that with collecting 35 million users during Q4 2008.  

As for revenue-generating activity, the company had 2.9 billion Skype Out minutes in the quarter, averaging a little more than 6.5 minutes per user. The increase in minutes represents a 65 percent growth in billable activity on a year over year basis.

For more:
- GigaOm digs out Skype's numbers from eBay's Q1 reports. Post.

Related articles
eBay plans 2010 IPO for Skype
Skype's founders get private equity, but eBay not hearing the right price