tiprankstipranks
Company Announcements

eBay Inc. Reports Steady Growth in 2024 Earnings

eBay Inc. Reports Steady Growth in 2024 Earnings

Ebay Inc ( (EBAY) ) has released its Q4 earnings. Here is a breakdown of the information Ebay Inc presented to its investors.

eBay Inc., a global commerce leader, connects millions of buyers and sellers worldwide, offering a vibrant marketplace for unique selections and great value. The company recently reported its financial results for the fourth quarter and full year of 2024, showcasing a steady performance in revenue and merchandise volume growth.

In its latest earnings report, eBay Inc. announced a revenue of $2.6 billion for the fourth quarter, marking a 1% increase on both an as-reported and FX-neutral basis. The Gross Merchandise Volume (GMV) reached $19.3 billion, reflecting a 4% increase. The company also highlighted its successful return of $1.0 billion to shareholders through share repurchases and dividends.

Key financial metrics from the report include GAAP and Non-GAAP earnings per diluted share of $1.40 and $1.25, respectively, and operating margins of 21.1% and 27.0%. eBay’s strategic initiatives, such as expanding AI-powered tools and enhancing payment options, have contributed to its robust advertising revenue and improved customer experience in various markets.

Looking ahead, eBay’s management remains confident in its ability to drive sustainable, long-term growth, as reflected in their guidance for the first quarter of 2025. The company anticipates revenue between $2.52 billion and $2.56 billion, with a focus on maintaining its growth momentum and enhancing shareholder value.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1