eBay Q4 2024 Earnings Report
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 Revenue
eBay EPS
eBay Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income