eBay Inc (XSGO:EBAY)

$ 64.05 0 (0%) Market Cap: 31.57 Bil Enterprise Value: 34.53 Bil PE Ratio: 16.56 PB Ratio: 5.86 GF Score: 76/100

Q3 2024 eBay Inc Earnings Call Transcript

Oct 30, 2024 / 09:30 PM GMT

Release Date Price: $74.43

Transcript 10-Q8-K

Key Points

Positve

eBay Inc (EBAY) reported a second consecutive quarter of positive GMV growth, with a 1% increase to $18.3 billion.
Revenue increased by more than 3% to $2.58 billion, and non-GAAP earnings per share grew by 16% to $1.19.
Focus categories, including motors, parts and accessories, collectibles, and luxury fashion, grew by nearly 5%, outpacing the rest of the marketplace.
The company successfully launched new initiatives in the UK, including a simplified native listing flow and managed shipping, which are expected to enhance the C2C experience.
eBay Inc (EBAY) continues to leverage AI to improve the platform, with over 10 million unique sellers using AI-enhanced listing features, generating several billion dollars in GMV.

Negative

Despite positive growth, eBay Inc (EBAY) faces a dynamic macroeconomic environment, which could impact future performance.
The company anticipates a challenging operating environment in Q4 due to factors like the U.S. elections and a shorter holiday shopping period.
The elimination of final value fees for UK C2C sellers may pressure revenue in the short term until new monetization strategies are fully implemented.
Foreign exchange rates posed a 30 basis point headwind to revenue growth in the third quarter.
Third-party display ad revenue declined by 43% year-over-year as eBay Inc (EBAY) continues to deprecate legacy ad units.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EBAY.OQ - eBay Inc
Q3 2024 eBay Inc Earnings Call
Oct 30, 2024 / 09:30PM GMT

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Presentation
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Unidentified Participant [1]
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Thank you for standing by, and welcome to the eBay Third Quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question again, press the star one. Thank you. I'd now like to turn the call over to John Hulbert, Vice President of Investor Relations. You may begin. Good afternoon. Thank you all for joining us for eBay third quarter of 2024 earnings conference call. Joining me today on the call are Jimmy. I in owning our Chief Executive Officer, and Steve Priest, our

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