eBay Inc.
eBay Inc. Reports Q4 and Full Year 2023 Financial Results
Summary
On February 27, 2024, eBay Inc. reported its financial results for the fourth quarter and full year ended December 31, 2023. The company achieved $2.6 billion in revenue for Q4, with GAAP and non-GAAP earnings per diluted share of $1.40 and $1.07 respectively. For the full year, eBay reported $10.1 billion in revenue with GAAP and non-GAAP earnings per diluted share of $5.21 and $4.24 respectively. Key highlights include a Gross Merchandise Volume (GMV) of $18.6 billion for Q4 and $73.2 billion for the full year, and an 8% increase in the quarterly dividend. The company also announced a $2.0 billion additional stock repurchase program, increasing the total authorization to $3.4 billion.
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About eBay Inc.
eBay Inc. operates as a global e-commerce platform, offering a vast marketplace for buyers and sellers to trade a diverse array of goods and services. Established in 1995 and headquartered in San Jose, California, eBay facilitates consumer-to-consumer and business-to-consumer sales through its website. The platform's auction-style sales and Buy It Now options provide flexible purchasing methods for consumers across various product categories, including electronics, fashion, collectibles, home, and garden. eBay's business model is bolstered by its payment service and advertising opportunities, which enhance user experience and engagement. Operating on a global scale, eBay caters to an international audience, supporting multiple languages and currencies to expand its market reach. As a pioneer in online commerce, eBay continues to play a significant role in shaping the digital marketplace, providing a dynamic environment for cross-border trade and fostering small and medium-sized enterprise growth. Its influence spans numerous sectors, impacting retailers, local artisans, and multinational brands alike, making it a cornerstone in the e-commerce landscape.
Official SEC Documents
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