eBay said revenue for Q1 2024 was $2.6 billion, up 2% year over year, and Gross Merchandise Volume was $18.6 billion, up 1%. GAAP net income from continuing operations was $439 million, or $0.85 per diluted share, lower than $569 million, or $1.05 per share, a year earlier.

1. 01

   eBay said revenue for Q1 2024 was $2.6 billion, up 2% year over year, and Gross Merchandise Volume was $18.6 billion, up 1%. GAAP net income from continuing operations was $439 million, or $0.85 per diluted share, lower than $569 million, or $1.05 per share, a year earlier.

2. 02

   The company reported GAAP operating margin of 24.7% for Q1 2024 (22.2% in the same period last year) and non-GAAP operating margin of 30.3% (29.6%). Non-GAAP net income from continuing operations was $648 million, or $1.25 per diluted share.

3. 03

   eBay said it generated $615 million of operating cash flow and $472 million of free cash flow in Q1 2024, and returned $638 million to shareholders, including $499 million of share repurchases and $139 million of cash dividends.

4. 04

   eBay said its outlook for Q2 2024 calls for revenue of $2.49 to $2.54 billion, diluted GAAP earnings per share of $0.76 to $0.81, and diluted non-GAAP earnings per share of $1.10 to $1.15. The board also declared a cash dividend of $0.27 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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