5:10PM New York – eBay revenue rises 24% and earnings gain 22% on lower dollar and price increases.

eBay Inc reported first quarter ended March 31,2008 revenue increase 24% to $2.19 billion on higher listing prices and lower dollar.

Earnings in the quarter increased 22% to $460 million or 34 cents per share compared to $377 million or 27 cents per share.

In the quarter the company repurchased 37 million outstanding shares at $1 billion.

Listings on its marketplaces including EBay.com, Shopping.com, StubHub and Kijiji increased 12% to $16.04 billion with 55% of the net revenue generated outside the U.S.

PayPal, online payment services reported 32% rise in sales to $582 million. Total payment volume increased 34% to $14.42 billion as active accounts increased 17% to 60.2 million.

Skype, internet based telephony and chat service increased net revenue by 61% to $126 million with 309 million global registered user base.

eBay estimates second quarter 2008 net revenues in the range of $2.100 to $2.150 billion with GAAP earnings per diluted share in the range of $0.30 to $0.32 and non-GAAP earnings per diluted share in the range of $0.39 to $0.41.

For the full year the company estimates to generate net revenue between $8.7 billion and $9 billion and earnings per share between $1.35 and $1.40 per share and Non-GAAP earnings between $1.70 and $1.75 per share.

eBay stock (EBAY: chart) in the last one year has traded between $25 and $41 and closed today before the earnings release at $32.12, up 54 cents.