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Sep 30, 2023
eBay Q3 2023 Earnings Report
eBay's Q3 2023 performance was solid, marked by revenue growth and strategic advancements.
Key Takeaways
eBay Inc. reported a 5% increase in revenue, reaching $2.5 billion for Q3 2023. The company's GAAP EPS was $2.46, while non-GAAP EPS was $1.03. eBay also generated $777 million in free cash flow and returned $783 million to shareholders through share repurchases and cash dividends.
Revenue increased by 5% year-over-year, reaching $2.5 billion.
Gross Merchandise Volume (GMV) grew by 2% to $18.0 billion.
GAAP EPS was $2.46, and non-GAAP EPS was $1.03.
The company returned $783 million to shareholders through share repurchases and dividends.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
eBay anticipates net revenues between $2.47 billion and $2.53 billion and diluted EPS from continuing operations between $0.70 and $0.75 for Q4 2023.
Positive Outlook
- Revenue is expected to be between $2.47 billion and $2.53 billion.
- FX-Neutral Y/Y Growth is expected to be 1% - 2%.
- Diluted GAAP EPS is projected to be $0.70 - $0.75.
- Diluted Non-GAAP EPS is anticipated to be $1.00 - $1.05.
- Full year revenue is expected to be $10.02 - $10.08 billion.
Challenges Ahead
- Guidance reflects estimates and assumptions with inherent uncertainties.
- Actual results could differ materially due to various risk factors.
- Company assumes no obligation to update the guidance.
- Future performance is difficult to predict.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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