eBay Inc.
eBay Reports Second Quarter 2024 Financial Results
Summary
eBay Inc. reported its second quarter 2024 financial results on July 31, 2024. The company achieved a revenue of $2.6 billion, an increase of 1% year-over-year on an as-reported basis. Gross Merchandise Volume (GMV) was $18.4 billion, also up 1% year-over-year on an as-reported basis. eBay's GAAP earnings per diluted share were $0.45, and non-GAAP earnings per diluted share were $1.18. The company generated $278 million in free cash flow. eBay also completed the sale of Adevinta shares for $2.4 billion in cash and shares of Aurelia, valued at $1.9 billion. Additionally, eBay returned $1.1 billion to stockholders, including $1.0 billion in share repurchases and $135 million in cash dividends. The company also declared a cash dividend of $0.27 per share payable on September 13, 2024.
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Exhibits (1)
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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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