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AI English summary of an SEC filing — figures as filed

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eBay said revenue for Q3 2024 rose to $2.6 billion, up 3% on both an as-reported and FX-Neutral basis, and Gross Merchandise Volume came to $18.3 billion, up 2% as reported and 1% on an FX-Neutral basis.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. eBay said revenue for Q3 2024 rose to $2.6 billion, up 3% on both an as-reported and FX-Neutral basis, and Gross Merchandise Volume came to $18.3 billion, up 2% as reported and 1% on an FX-Neutral basis.

  2. The company reported GAAP net income from continuing operations of $636 million ($1.29 per diluted share) for Q3, down 51% from $1,306 million a year earlier, and a GAAP operating margin of 23.1% versus 18.2% a year earlier.

  3. eBay said it generated $755 million of operating cash flow and $646 million of free cash flow in Q3, and returned $881 million to stockholders, including $750 million of share repurchases and $131 million of cash dividends.

  4. The company gave revenue guidance of $2.53 billion to $2.59 billion for Q4 2024 and $10.23 billion to $10.29 billion for the full year, and said its full-year non-GAAP diluted EPS outlook is $4.80 to $4.85.

Summary

AI-written

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.

Q3 2024 Revenue $2.6 billion, GMV $18.3 billion

eBay said revenue for Q3 2024 rose to $2.6 billion, up 3% on both an as-reported and FX-Neutral basis, and Gross Merchandise Volume came to $18.3 billion, up 2% as reported and 1% on an FX-Neutral basis.

Source · Based on the filing body and exhibits

Q3 GAAP Net Income $636 million, GAAP Operating Margin 23.1%

The company reported GAAP net income from continuing operations of $636 million ($1.29 per diluted share) for Q3, down 51% from $1,306 million a year earlier, and a GAAP operating margin of 23.1% versus 18.2% a year earlier.

Source · Based on the filing body and exhibits

Q3 Operating Cash Flow $755 million, Shareholder Returns $881 million

eBay said it generated $755 million of operating cash flow and $646 million of free cash flow in Q3, and returned $881 million to stockholders, including $750 million of share repurchases and $131 million of cash dividends.

Source · Based on the filing body and exhibits

Q4 2024 and Full-Year Outlook (Guidance)

The company gave revenue guidance of $2.53 billion to $2.59 billion for Q4 2024 and $10.23 billion to $10.29 billion for the full year, and said its full-year non-GAAP diluted EPS outlook is $4.80 to $4.85.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.