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Jun 30, 2022
eBay Q2 2022 Earnings Report
eBay reported better than expected financial results for the second quarter of 2022, driven by focus category strategy and growth in payments and advertising.
Key Takeaways
eBay's Q2 2022 results showed a revenue of $2.4 billion, a decrease of 9% year-over-year, and a GMV of $18.5 billion, down 18% year-over-year. The company reported a GAAP net loss of $536 million, or $(0.96) per diluted share, and a non-GAAP net income of $554 million, or $0.99 per diluted share.
Revenue was $2.4 billion, down 9% year-over-year.
Gross Merchandise Volume (GMV) was $18.5 billion, down 18% year-over-year.
GAAP net loss from continuing operations was $536 million, or $(0.96) per diluted share.
Non-GAAP net income from continuing operations was $554 million, or $0.99 per diluted share.
Revenue by Geographic Location
Forward Guidance
eBay is providing the following guidance for continuing operations for the third quarter and full year 2022.
Positive Outlook
- Q3 2022 Revenue: $2.29 - $2.37 billion
- Q3 2022 Diluted GAAP EPS: $0.63 - $0.69
- Q3 2022 Diluted Non-GAAP EPS: $0.89 - $0.95
- Full Year 2022 Revenue: $9.6 - $9.9 billion
- Full Year 2022 Diluted Non-GAAP EPS: $3.95 - $4.10
Challenges Ahead
- Q3 2022 Organic FX-Neutral Y/Y Growth: (5)% - (2)%
- Full Year 2022 Organic FX-Neutral Y/Y Growth: (6)% - (3)%
- Full Year 2022 Diluted GAAP EPS: $(1.98) - $(1.83)
- Q3 2022 Estimated stock-based compensation expense and associated employer payroll tax expense of approximately $130 - $140 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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