Q2 2024 eBay Inc Earnings Call Transcript
Key Points
- Gross merchandise volume grew 1% to $18.4 billion in Q2.
- Revenue increased 2% to $2.57 billion.
- Non-GAAP earnings per share rose by approximately 15% to $1.18.
- Returned over $1.1 billion to shareholders through repurchases and dividends.
- Focus category GMV grew by over 4% in Q2, outpacing the remainder of the marketplace.
- Continued macroeconomic headwinds and geopolitical uncertainty.
- Ongoing regulatory challenges impacting operations.
- Softness in C2C volumes in the UK due to new digital sales reporting requirements.
- Foreign exchange was a headwind of roughly 20 basis points year-over-year GMV growth.
- Non-GAAP gross margin declined roughly 30 basis points year-over-year in Q2.
Ladies and gentlemen, good afternoon and thank you for standing by. My name is Amy, and I will be your conference operator today. At this time, I would like to welcome everyone to the eBay Second Quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. And after the speakers' remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press the star key followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one a second time. Thank you. And I would now like to turn the conference over to John Egbert, Vice President of Investor Relations.
You may.
Good afternoon. Thank you all for joining us for eBay Second Quarter 2024 earnings conference call. Joining me today on the call are Jamie Iannone only our Chief Executive Officer, and Steve Priest, our Chief Financial Officer. We're providing a slide presentation to accompany our commentary
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