NASDAQ$EBAY

eBay · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

eBay's financial performance in Q4 2023 reflected revenue growth and strategic progress.

eBay reported Q4 2023 results with revenue of $2.6 billion, up 2% year-over-year, and GMV of $18.6 billion, up 2%. GAAP EPS was $1.40 and non-GAAP EPS was $1.07. The company returned $379 million to shareholders through share repurchases and dividends.

  • Revenue increased by 2% to $2.6 billion.
  • Gross Merchandise Volume grew by 2% to $18.6 billion.
  • GAAP EPS was $1.40, and Non-GAAP EPS was $1.07.
  • Returned $379 million to shareholders through share repurchases and dividends.

Headline financials

Total Revenue

$2.56B

Previous: $2.51B+2.1%
EPS (adj)

$1.07

Previous: $1.07+0.0%
Total GMV

$18.6B

Previous: $18.2B+2.2%
Capital Expenditures

-$126M

Previous: $153M-182.4%
Net Income

$728M

Previous: $671M+8.5%
Operating Income

$410M

Previous: $565M-27.4%
Gross Profit

$1.85B

Previous: $1.83B+1.3%
R&D Expense

$399M

No prior period
Stock-Based Comp

$149M

Previous: $128M+16.4%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.56B

Q4 2023+2.1%vs Q4 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

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

  • Total Advertising
    $366M

Forward guidance

eBay provided guidance for Q1 2024, expecting revenue between $2.50 billion and $2.54 billion, GAAP EPS between $0.86 and $0.90, and non-GAAP EPS between $1.19 and $1.23.

Tailwinds

  • Revenue between $2.50B - $2.54B
  • FX-Neutral Y/Y Growth 0% - 2%
  • Diluted GAAP EPS $0.86 - $0.90
  • Diluted Non-GAAP EPS $1.19 - $1.23
  • Board of Directors has declared a cash dividend of $0.27 per share

Headwinds

  • Guidance is based on estimates and assumptions.
  • Future performance is difficult to predict.
  • Company's future performance involves risks and uncertainties.
  • Actual results could differ materially from the information provided.
  • Guidance does not include the potential impact of any acquisitions or divestitures.

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 2023

Historical avgQ4 2023

-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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