NASDAQ$EBAY

eBay · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

eBay reported modest revenue growth and increased GMV in Q4 2024.

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.

Headline financials

Total Revenue

$2.58B

Previous: $2.56B+0.7%
EPS (adj)

$1.25

Previous: $1.07+16.8%
Active Buyers

134.0M

No prior period
Total GMV

$19.3B

Previous: $18.6B+3.9%
U.S. GMV

$9.04B

No prior period
International GMV

$10.3B

No prior period
Capital Expenditures

-$117M

Previous: -$126M+7.1%
Net Income

$679M

Previous: $728M-6.7%
Operating Income

$543M

Previous: $410M+32.4%
Gross Profit

$1.86B

Previous: $1.85B+0.5%
R&D Expense

$375M

Previous: $399M-6.0%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.58B

Q4 2024+0.7%vs Q4 2023
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 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.

Tailwinds

  • 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.

Headwinds

  • 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.

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 2024

Historical avgQ4 2024

-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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