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Dec 31, 2019
eBay Q4 2019 Earnings Report
eBay's Q4 2019 earnings were released, showing a slight revenue decrease but growth in active buyers.
Key Takeaways
eBay Inc. reported its Q4 and full-year 2019 results, with Q4 revenue at $2.8 billion, a 2% decrease year-over-year. GAAP EPS was $0.69 and non-GAAP EPS was $0.81. The company highlighted a 2% growth in active buyers, reaching 183 million globally.
Revenue reached $2.8 billion, a 2% decrease as-reported.
GAAP EPS was $0.69, while non-GAAP EPS was $0.81.
Active buyers increased by 2%, totaling 183 million.
A definitive agreement was made to sell StubHub to viagogo for $4.05 billion in cash.
Forward Guidance
eBay provided guidance for Q1 2020 and full year 2020, anticipating net revenue between $2.55 and $2.60 billion for Q1, and between $10.72 and $10.92 billion for the full year. They are expecting a GAAP diluted EPS from continuing operations to be between $0.50 and $0.53 for Q1 and between $2.18 and $2.28 for the full year.
Positive Outlook
- Net revenue is expected to be between $2.55 billion and $2.60 billion for Q1 2020.
- Organic FX-Neutral growth of (1)% - 1% is expected for Q1 2020.
- GAAP earnings per diluted share from continuing operations are projected to be in the range of $0.50 - $0.53 for Q1 2020.
- Net revenue is expected to be between $10.72 billion and $10.92 billion for the full year 2020.
- Organic FX-Neutral growth of 1% - 3% is expected for the full year 2020.
Challenges Ahead
- First quarter 2020 guidance assumes our current portfolio, including StubHub, is in place for the entire year.
- The company's future performance involves risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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