NASDAQ$EBAY

eBay · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

eBay's Q4 2019 earnings were released, showing a slight revenue decrease but growth in active buyers.

eBay Inc. reported its Q4 and full-year 2019 results, with Q4 revenue at $2.8 billion, a 2% decrease year-over-year. GAAP EPS was $0.69 and non-GAAP EPS was $0.81. The company highlighted a 2% growth in active buyers, reaching 183 million globally.

  • Revenue reached $2.8 billion, a 2% decrease as-reported.
  • GAAP EPS was $0.69, while non-GAAP EPS was $0.81.
  • Active buyers increased by 2%, totaling 183 million.
  • A definitive agreement was made to sell StubHub to viagogo for $4.05 billion in cash.

Headline financials

Total Revenue

$2.82B

Previous: $2.88B-1.9%
EPS (adj)

$0.81

Previous: $0.71+14.1%
Active Buyers

183.0M

Previous: 179.0M+2.2%
Total GMV

$23.3B

Previous: $24.6B-5.4%
Capital Expenditures

$139M

Previous: $130M+6.9%
Free Cash Flow

$672M

Previous: $1.1B-39.1%
Net Income

$558M

Previous: $760M-26.6%
Operating Income

$619M

Previous: $681M-9.1%
Gross Profit

$2.17B

Previous: $2.26B-3.9%
Cash & Equivalents

$975M

Previous: $2.2B-55.7%
Total Assets

$18.2B

Previous: $22.8B-20.4%
Stock-Based Comp

$129M

Previous: $142M-9.2%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.82B

Q4 2019-1.9%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

eBay · $366M total across 1 segment · Q3 2023

  • Total Advertising
    $366M

Forward guidance

eBay provided guidance for Q1 2020 and full year 2020, anticipating net revenue between $2.55 and $2.60 billion for Q1, and between $10.72 and $10.92 billion for the full year. They are expecting a GAAP diluted EPS from continuing operations to be between $0.50 and $0.53 for Q1 and between $2.18 and $2.28 for the full year.

Tailwinds

  • Net revenue is expected to be between $2.55 billion and $2.60 billion for Q1 2020.
  • Organic FX-Neutral growth of (1)% - 1% is expected for Q1 2020.
  • GAAP earnings per diluted share from continuing operations are projected to be in the range of $0.50 - $0.53 for Q1 2020.
  • Net revenue is expected to be between $10.72 billion and $10.92 billion for the full year 2020.
  • Organic FX-Neutral growth of 1% - 3% is expected for the full year 2020.

Headwinds

  • First quarter 2020 guidance assumes our current portfolio, including StubHub, is in place for the entire year.
  • The company's future performance involves risks and uncertainties.
  • Actual results could differ materially from those predicted or implied.
  • Changes in political, business and economic conditions could impact results.
  • Increasing competition could impact results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.4%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.5%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+14.3%

Q4 2017

Best reaction

-13.2%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+1.4%+5.3%
Q4 2025-3.2%+3.8%+8.3%
Q3 2025-9.9%-17.9%-16.8%
Q2 2025-0.0%+0.9%-1.2%
Q1 2025-0.7%+3.2%+7.4%
Q4 2024-8.2%-3.6%-2.9%
Q3 2024-8.4%-4.0%+0.8%
Q2 2024+1.5%-1.3%+6.7%
Q1 2024-4.2%-4.2%+5.2%
Q4 2023+9.1%+9.5%+20.3%
Q3 2023-1.0%-1.3%+2.8%
Q2 2023-9.6%-7.9%-9.8%
Q1 2023+3.5%+3.7%+0.8%
Q4 2022-5.3%-4.4%-10.9%
Q3 2022-2.5%+1.9%+13.5%
Q2 2022-1.2%-1.7%-8.9%
Q1 2022-10.1%-7.9%-11.9%
Q4 2021+0.5%-1.0%+4.1%
Q3 2021-7.8%-2.8%-7.7%
Q2 2021+2.3%+11.8%+7.8%
Q1 2021-9.1%-5.8%-1.3%
Q4 2020+6.6%+11.4%-6.2%
Q3 2020-8.0%-10.6%-4.1%
Q2 2020-4.7%-3.4%-1.6%
Q1 2020+1.9%+1.9%+16.5%
Q4 2019-2.5%-5.4%-1.2%
Q3 2019-8.5%-7.7%-9.8%
Q2 2019-0.4%+1.9%+0.3%
Q1 2019+6.6%+6.1%-0.6%
Q4 2018+0.2%+0.9%+9.2%
Q3 2018+8.2%+11.4%+10.1%
Q2 2018-9.8%-10.6%-10.1%
Q1 2018-6.1%-8.0%-7.9%
Q4 2017+14.3%+4.9%+6.3%
Q3 2017-0.5%-1.8%-5.1%
Q2 2017-1.3%-2.0%-6.2%
Q1 2017-4.4%-5.8%-0.6%
Q4 2016+5.8%+7.3%+13.6%
Q3 2016-8.3%-7.6%-9.3%
Q2 2016+12.9%+15.8%+15.6%
Q1 2016+4.3%
Q4 2015-13.2%
Q3 2015+12.9%
Q2 2015+4.5%
Q1 2015+4.4%
Q4 2014+6.5%
Q3 2014-5.4%
Q2 2014+0.4%
Q1 2014-3.4%
Q4 2013+1.4%
Q3 2013-4.8%
Q2 2013-5.8%
Q1 2013-7.3%
Q4 2012+3.2%
Q3 2012+5.4%
Q2 2012+12.5%
Q1 2012+12.6%
Q4 2011+2.0%
Q3 2011+0.7%
Q2 2011+1.1%
Q1 2011-0.8%
Q4 2010-1.9%
Q3 2010+9.4%
Q2 2010+1.0%
Q1 2009+1.9%
Q1 2010-2.1%
Q4 2009+1.4%
Q4 2007+1.4%
Q3 2008-2.5%
Q3 2009-2.5%
Q2 2008-0.8%
Q2 2009-0.8%
Q4 2008-0.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro