The company said net revenues for the 3 months ended March 31, 2024 rose 2% year over year to $2,556 million, and its operating margin was 24.7%, compared with 22.2% in the same period a year earlier.

1. 01

   The company said net revenues for the 3 months ended March 31, 2024 rose 2% year over year to $2,556 million, and its operating margin was 24.7%, compared with 22.2% in the same period a year earlier.

2. 02

   eBay said net revenues grew on investment in focus categories and a higher take rate from the expansion of promoted listings, eBay International Shipping and payment services. It said a decline in traffic in most markets partially offset these gains.

3. 03

   The company said cash flow from continuing operating activities for the 3 months was $615 million, compared with $841 million a year earlier. It said it paid $453 million in cash to repurchase common stock and $139 million in dividends.

4. 04

   The company said its Board approved an additional $2.0 billion stock repurchase on February 2024, on top of the $4.0 billion previously authorized in 2022. It said about $2.9 billion remained available for repurchases as of March 31, 2024.

Key figures

Quarter ended March 31, 2024

Revenue

$2.6B

Operating income

$631M

Net income

$438M

EPS

$0.85

Gross profit

$1.9B

Operating cash flow

$615M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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