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Dec 31, 2024
eBay Q4 2024 Earnings Report
eBay reported modest revenue growth and increased GMV in Q4 2024.
Key Takeaways
eBay delivered steady financial performance in Q4 2024, with revenue reaching $2.6 billion, reflecting a 1% year-over-year increase. GMV rose to $19.3 billion, up 4% YoY, driven by strong marketplace activity. The company posted GAAP EPS of $1.40 and Non-GAAP EPS of $1.25. Free cash flow stood at $560 million. eBay returned $1.0 billion to shareholders through buybacks and dividends while expanding its AI-powered listing tools and payment options.
Revenue grew 1% YoY to $2.6 billion, meeting expectations.
GMV increased 4% YoY to $19.3 billion, marking three consecutive quarters of growth.
GAAP net income reached $680 million, with an operating margin of 21.1%.
Returned $1.0 billion to shareholders, including $900 million in share repurchases.
eBay
eBay
Forward Guidance
eBay expects Q1 2025 revenue between $2.52 billion and $2.56 billion, with GMV projected to range from $18.3 billion to $18.6 billion. Non-GAAP EPS is forecasted between $1.32 and $1.36, with continued investment in AI-powered selling tools and payment integrations.
Positive Outlook
- Revenue guidance for Q1 2025 set between $2.52B and $2.56B.
- GMV expected to be between $18.3B and $18.6B, continuing growth momentum.
- Non-GAAP EPS forecasted between $1.32 and $1.36.
- Expansion of AI-powered bulk listing tools to more categories.
- New partnerships with Klarna and Riverty to enhance payment options.
Challenges Ahead
- Revenue growth remains modest at 1% YoY.
- Macroeconomic headwinds could impact consumer spending.
- Increased competition from other online marketplaces.
- Rising operational expenses could pressure margins.
- Regulatory uncertainties in international markets may impact future growth.