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Dec 31, 2021

eBay Q4 2021 Earnings Report

eBay reported better-than-expected results driven by revenue and completed payments migration.

Key Takeaways

eBay Inc. reported Q4 2021 results with revenue of $2.6 billion, up 5% year-over-year. GAAP EPS was $(1.47) and non-GAAP EPS was $1.05. The company completed its payments migration and vested in the first tranche of the Adyen warrant. eBay also completed the sale of 80.01% of eBay Korea to Emart and the sale of approximately 135 million shares of its Adevinta stock to Permira.

Revenue of $2.6 billion, up 5% year-over-year on an as-reported basis.

Gross Merchandise Volume of $20.7 billion, down 10% year-over-year.

GAAP EPS per diluted share of $(1.47) and non-GAAP EPS of $1.05.

Returned $3.1 billion to shareholders in Q4, including $3.0 billion of share repurchases.

Total Revenue
$2.61B
Previous year: $2.87B
-8.9%
EPS
$1.05
Previous year: $0.86
+22.1%
Gross Merchandise Volume
$20.7B
Previous year: $26.6B
-22.2%
Gross Profit
$1.92B
Previous year: $2.13B
-9.7%
Cash and Equivalents
$1.38B
Previous year: $1.43B
-3.4%
Free Cash Flow
$372M
Previous year: $715M
-48.0%
Total Assets
$26.6B
Previous year: $19.3B
+37.9%

eBay

eBay

Forward Guidance

eBay is providing the following guidance for continuing operations for the first quarter and full year 2022.