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eBay reports Q4 beat, guides above estimates

AuthorDavit Kirakosyan
Published 23/02/2023, 08:38 am
© Reuters.
EBAY
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By Davit Kirakosyan

eBay (NASDAQ:EBAY) reported its Q4 results, with EPS of $1.07 coming in better than the consensus estimate of $1.06. Revenue fell 4% year-over-year (down 1% on an FX-Neutral basis) to $2.5 billion, beating the consensus estimate of $2.46B.

Gross merchandise volume was down 12% year-over-year (down 6% on an FX-Neutral basis) to $18.2B.

For Q1/23, the company expects EPS in the range of $1.05-$1.09, compared to the consensus of $1.06, and revenue in the range of $2.46-2.5B, better than the consensus estimate of $2.37B.

The company hiked its dividend by 13.6% to $0.25 per share, or $1 annualized, for an annual yield of 2.1%. The dividend will be payable on March 24, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.

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