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Dec 31, 2023

eBay Q4 2023 Earnings Report

eBay's financial performance in Q4 2023 reflected revenue growth and strategic progress.

Key Takeaways

eBay reported Q4 2023 results with revenue of $2.6 billion, up 2% year-over-year, and GMV of $18.6 billion, up 2%. GAAP EPS was $1.40 and non-GAAP EPS was $1.07. The company returned $379 million to shareholders through share repurchases and dividends.

Revenue increased by 2% to $2.6 billion.

Gross Merchandise Volume grew by 2% to $18.6 billion.

GAAP EPS was $1.40, and Non-GAAP EPS was $1.07.

Returned $379 million to shareholders through share repurchases and dividends.

Total Revenue
$2.56B
Previous year: $2.51B
+2.1%
EPS
$1.07
Previous year: $1.07
+0.0%
Gross Merchandise Volume
$18.6B
Previous year: $18.2B
+2.2%
Gross Profit
$1.85B
Previous year: $1.83B
+1.3%
Cash and Equivalents
$1.99B
Previous year: $2.15B
-7.8%
Free Cash Flow
-$3M
Previous year: $533M
-100.6%
Total Assets
$21.6B
Previous year: $20.9B
+3.7%

eBay

eBay

Forward Guidance

eBay provided guidance for Q1 2024, expecting revenue between $2.50 billion and $2.54 billion, GAAP EPS between $0.86 and $0.90, and non-GAAP EPS between $1.19 and $1.23.

Positive Outlook

  • Revenue between $2.50B - $2.54B
  • FX-Neutral Y/Y Growth 0% - 2%
  • Diluted GAAP EPS $0.86 - $0.90
  • Diluted Non-GAAP EPS $1.19 - $1.23
  • Board of Directors has declared a cash dividend of $0.27 per share

Challenges Ahead

  • Guidance is based on estimates and assumptions.
  • Future performance is difficult to predict.
  • Company's future performance involves risks and uncertainties.
  • Actual results could differ materially from the information provided.
  • Guidance does not include the potential impact of any acquisitions or divestitures.