The company said net revenues for the 3-month period ended September 30, 2024 rose 3% year over year to $2,576 million, and that operating margin was 23.1% compared with 18.2% in the same period a year earlier.

1. 01

   The company said net revenues for the 3-month period ended September 30, 2024 rose 3% year over year to $2,576 million, and that operating margin was 23.1% compared with 18.2% in the same period a year earlier.

2. 02

   eBay cited higher GMV, the expansion of promoted listings products, eBay International Shipping and financial services within its payments platform as the drivers of the net revenue increase in the 3-month and 9-month periods of 2024.

3. 03

   The company said the decrease in general and administrative expenses for the 3-month period was driven by a $50 million legal accrual release in the Q3 2024, and that gains on equity investments and warrants, net, were $199 million, compared with $1,212 million a year earlier.

4. 04

   The company said cash flow from continuing operating activities was $1.7 billion in the 9 months ended 2024, and that it made cash payments of about $2.2 billion for share repurchases and $405 million in cash dividends.

Key figures

Quarter ended September 30, 2024

Revenue

$2.6B

Operating income

$595M

Net income

$634M

EPS

$1.29

Gross profit

$1.8B

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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