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Jun 30, 2024
eBay Q2 2024 Earnings Report
eBay's Q2 2024 results reflected sustainable, long-term growth with exceeded expectations across key financial metrics.
Key Takeaways
eBay reported Q2 2024 results with a revenue of $2.6 billion, up 1% year-over-year, and a GMV of $18.4 billion, up 1% year-over-year. GAAP EPS was $0.45, and Non-GAAP EPS was $1.18. The company returned $1.1 billion to stockholders, including $1.0 billion in share repurchases and $135 million in cash dividends.
Revenue reached $2.6 billion, showing a 1% increase year-over-year (2% on an FX-Neutral basis).
Gross Merchandise Volume (GMV) amounted to $18.4 billion, up 1% year-over-year on both as-reported and FX-Neutral bases.
GAAP net income from continuing operations was $226 million, with earnings per diluted share at $0.45.
Non-GAAP net income from continuing operations totaled $602 million, resulting in earnings per diluted share of $1.18.
eBay
eBay
Forward Guidance
eBay is providing the following guidance for the third quarter 2024.
Positive Outlook
- Revenue is expected to be between $2.50 billion and $2.56 billion.
- FX-Neutral Y/Y Growth is projected to be between 1% and 3%.
- Diluted GAAP EPS is estimated to be between $0.82 and $0.87.
- Diluted Non-GAAP EPS is expected to be between $1.15 and $1.20.