eBay Q1 2024 Earnings Report
Key Takeaways
eBay reported a 2% increase in revenue, reaching $2.6 billion, and a 1% increase in Gross Merchandise Volume (GMV) to $18.6 billion. GAAP EPS was $0.85, while Non-GAAP EPS reached $1.25. The company returned $638 million to shareholders through share repurchases and cash dividends.
Revenue increased by 2% to $2.6 billion, both on an as-reported and FX-Neutral basis.
Gross Merchandise Volume (GMV) rose by 1% to $18.6 billion on an as-reported basis.
GAAP net income from continuing operations was $439 million, resulting in earnings per diluted share of $0.85.
The company generated $615 million in operating cash flow and $472 million in free cash flow.
eBay
eBay
Forward Guidance
eBay provided guidance for Q2 2024, expecting revenue between $2.49 billion and $2.54 billion, GAAP EPS between $0.76 and $0.81, and Non-GAAP EPS between $1.10 and $1.15.
Positive Outlook
- Revenue is expected to be between $2.49 billion and $2.54 billion.
- FX-Neutral Y/Y Growth is expected to be (1)% - 1%.
- Diluted GAAP EPS is projected to be $0.76 - $0.81.
- Diluted Non-GAAP EPS is anticipated to be $1.10 - $1.15.