November 21, 2024
SAN JOSE, CA – eBay Inc financial results for the third quarter ended Sept. 30, 2024 posted a revenue increase and enhanced gross merchandise volume. “We achieved another quarter of positive GMV growth and delivered strong results across our key metrics,” said Jamie Iannone, CEO at eBay. “Our Focus Categories and geo-specific investments are driving momentum in the business, and we are leveraging the power of Al to create magical innovations for our customers.”
“eBay delivered strong top and bottom line results in Q3,” added Steve Priest, CFO at eBay. “Solid execution within our strategic initiatives drove continued GMV growth amid a dynamic macro environment, and we are continuing to invest for the long-term while generating significant earnings growth and capital returns for shareholders.”
Third Quarter Financial Highlights
• Revenue was $2.6 billion, up 3% on an as-reported and foreign exchange (FX) neutral basis.
• Gross Merchandise Volume (GMV) was $18.3 billion, up 2% on an as-reported basis and up 1% on an FX-Neutral basis.
• GAAP net income from continuing operations was $636 million, or $1.29 per diluted share.
• Non-GAAP net income from continuing operations was $588 million, or $1.19 per diluted share.
• GAAP and Non-GAAP operating margins were 23.1% and 27.2%, respectively.
• Generated $755 million of operating cash flow and $646 million of free cash flow.
• Returned $881 million to stockholders, including $750 million of share repurchases and $131 million paid in cash dividends.
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