Skype Revenues Continue Growing in Q1

Its future with parent eBay may be uncertain but that hasn't prevented Skype from continuing to generate revenue.

eBay's Q1 financial statements published this week show the VoIP company is still increasing revenue, minutes and users.

In the first quarter of 2009, Skype had revenues of USD $153.2 million, up from USD $145 million in Q4 of 2008.

If trading continues in this vein the company is on target for USD $600 million in revenues for the year.

Skype added 37.9 million registered users in Q1 - up from 35 million new users in Q4 2008.

This takes its total tally to 443.2 million.

In addition, it rang up 2.9 billion Skype Out minutes in the quarter - panning out to just over 6.5 minutes per user.

Certainly a healthy position for a company that could be spun off from its parent.