Earnings per share for the first quarter came in at $1.25 for eBay (NASDAQ: EBAY), which was $0.05 more than the $1.20 predicted by analysts. Contrary to the average expectation of $2.53B, the actual revenue for the quarter was $2.56B.
- Gross Merchandise Volume (GMV): Approximately flat at $18.6 billion.
- Revenue: Grew over 2% to $2.56 billion.
- Non-GAAP Operating Margin: Reported at 30.3%.
- Non-GAAP Earnings Per Share (EPS): Increased by 13% to $1.25.
- Shareholder Returns: $638 million returned through repurchases and dividends.
- Focus Category GMV Growth: Nearly 5%, outpacing other marketplace categories by approximately 6 points.
- Advertising Revenue: Grew 20% to $384 million, representing 2.1% of GMV.
- Free Cash Flow: Reported at $472 million.
- Total Cash and Investments: Ended the quarter with $4.9 billion.
- Gross Debt: Stood at $7.7 billion.
eBay Inc. (EBAY, Financial) disclosed a non-GAAP earnings per share increase of 13% to $1.25 and a revenue growth of more than 2% to $2.56 billion.
The focus categories, namely motor parts and accessories, trading cards, and collectibles exhibited strong performance, as evidenced by their gross merchandise volume (GMV) growth of nearly 5%, which surpassed that of other marketplace categories.
CWEB believes that by effectively distributing $638 million to shareholders via repurchases and dividends, the organization showcased its robust financial well-being and unwavering commitment to enhancing shareholder value.
Strategic alliances and procurements, including the acquisition of Goldin and the multiyear partnership with McLaren Racing, are anticipated to bolster eBay Inc.’s (EBAY) market standing and appeal to automobile enthusiasts.
The introduction of novel functionalities such as ‘explore’ and’ shop the look’ exemplifies how substantial progressions in artificial intelligence and technology enhance client expertise and operational effectiveness.
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