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Sep 30, 2021
eBay Q3 2021 Earnings Report
eBay's Q3 2021 results exceeded expectations, driven by the managed payments migration, advertising portfolio expansion, and volume growth in focus categories.
Key Takeaways
eBay Inc. reported better-than-expected Q3 2021 results, with revenue of $2.5 billion, up 11% year-over-year, and GAAP EPS of $0.43 and Non-GAAP EPS of $0.90. The company returned $2.4 billion to shareholders, including $2.3 billion in share repurchases and $116 million in cash dividends.
Revenue was $2.5 billion, up 11% year-over-year.
Gross Merchandise Volume (GMV) was $19.5 billion, down 10% year-over-year.
GAAP net income from continuing operations was $283 million, or $0.43 per diluted share.
Non-GAAP net income from continuing operations was $591 million, or $0.90 per diluted share.
Revenue by Geographic Location
Forward Guidance
eBay is providing the following guidance for continuing operations for Q4 2021: Revenue between $2.57 - $2.62 billion and Diluted GAAP EPS between $0.72 - $0.76 and Diluted Non-GAAP EPS between $0.97 - $1.01.
Positive Outlook
- Revenue between $2.57 - $2.62 billion
- Organic FX-Neutral Y/Y Growth 3 - 5%
- Diluted GAAP EPS $0.72 - $0.76
- Diluted Non-GAAP EPS $0.97 - $1.01
Historical Earnings Impact
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Avg. Return Before/After Earnings
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