NASDAQ$EBAY

eBay · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

eBay reported better-than-expected results driven by revenue and completed payments migration.

eBay Inc. reported Q4 2021 results with revenue of $2.6 billion, up 5% year-over-year. GAAP EPS was $(1.47) and non-GAAP EPS was $1.05. The company completed its payments migration and vested in the first tranche of the Adyen warrant. eBay also completed the sale of 80.01% of eBay Korea to Emart and the sale of approximately 135 million shares of its Adevinta stock to Permira.

  • Revenue of $2.6 billion, up 5% year-over-year on an as-reported basis.
  • Gross Merchandise Volume of $20.7 billion, down 10% year-over-year.
  • GAAP EPS per diluted share of $(1.47) and non-GAAP EPS of $1.05.
  • Returned $3.1 billion to shareholders in Q4, including $3.0 billion of share repurchases.

Headline financials

Total Revenue

$2.61B

Previous: $2.87B-8.9%
EPS (adj)

$1.05

Previous: $0.86+22.1%
Total GMV

$20.7B

Previous: $26.6B-22.2%
Capital Expenditures

$103M

Previous: $168M-38.7%
Free Cash Flow

$372M

Previous: $715M-48.0%
Net Income

-$893M

Previous: $781M-214.3%
Operating Income

$688M

Previous: $677M+1.6%
Gross Profit

$1.92B

Previous: $2.13B-9.7%
Cash & Equivalents

$1.38B

Previous: $1.43B-3.4%
Total Assets

$26.6B

Previous: $19.3B+37.9%
Stock-Based Comp

$112M

Previous: $120M-6.7%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.61B

Q4 2021-8.9%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

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

  • Total Advertising
    $366M

Forward guidance

eBay is providing the following guidance for continuing operations for the first quarter and full year 2022.

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 2021

Historical avgQ4 2021

-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%

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