The eBay fourth quarter came in ahead of a Wall Street estimate as the company has been rebalancing its business to engage more with enthusiasts such as collectors.
Net income from continuing operations was $680 million, or $1.40 per diluted share, versus $728 million, or $1.40 per diluted share, in the year-before quarter. Adjusted for one-time events, the company noted, net income from continuing operations was $607 million, or $1.25 per diluted share, versus $580 million, or $1.07 per diluted share, in the year-previous period.
eBay topped a Zacks Investment Research analyst consensus estimate of $1.20 per adjusted diluted share. The company revenue surpassed the Zacks estimate by 0.02%
Net revenue was $2.58 billion, up from $2.56 billion in the year-earlier quarter. Income from operations was $543 million, up from $410 million in the year-prior period, while adjusted operating income was $698 million, up from $686 million.
Gross Merchandise Volume was $19.3 billion, up 4% on an as-reported basis and 3% on an FX-neutral basis.
For the full year, net income from continuing operations was $1.98 billion, or $3.95 per diluted share, versus $2.78 billion, or $5.21 per diluted share, in the year before. Adjusted net income from continuing operations was $2.45 billion, or $4.88 per diluted share, versus $2.26 billion, or $4.24 per diluted share, in the year previous.
Net revenue was $2.58 billion, up from $2.56 billion the year before. Income from operations was $2.32 billion, up from $1.94 billion the year before, while adjusted income from operations was $2.89 billion, up from $2.77 billion the year before.
GMV was $74.7 billion, up 2% on an as-reported basis and 1% on an FX-Neutral basis.
“eBay achieved three consecutive quarters of GMV growth to end 2024, and we took significant steps toward our vision of reinventing the future of e-commerce for enthusiasts,” said Jamie Iannone, eBay CEO, in announcing the financial results. “I’m proud of how the team has innovated for our buyers and sellers, which has driven significant value for shareholders.”
Steve Priest, eBay CFO, added, “eBay delivered strong results in the fourth quarter, as we met or exceeded expectations across our key financial metrics. We created a solid foundation to build upon in 2025, and our outlook reflects our confidence in eBay’s ability to drive sustainable, long-term growth.”
