eBay beats Q1 expectations with $2.5B revenue, GAAP EPS $1.05 vs loss a year ago, GMV down 5%

EBAY INC

2023-Q1 EPS reported $1.05 revenue$2,510,000,000

Revenue of $2.5B, up 1% as-reported and 3% FX-neutral; GMV $18.4B down 5% as-reported, down 2% FX-neutral.
GAAP net income from cont. ops $569M ($1.05 EPS) vs loss of $1.34B in Q1 2022; Non-GAAP net income $600M ($1.11 EPS) down 4%.
Returned $384M to shareholders via $250M buybacks and $134M dividends; free cash flow $709M.
Q2 guidance: revenue $2.47-2.54B, GAAP EPS $0.65-0.70, Non-GAAP EPS $0.96-1.01.
Dividend declared $0.25/share, payable June 16 to holders of record June 1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EBAY INC reported the quarter ended March 31, 2023 results: revenue $2.5 billion, net income $569 million, EPS $1.05.

Period: the quarter ended March 31, 2023
Revenue: $2.5 billion
Net income: $569 million
EPS: $1.05
Result: reported results

Exact text from the filing

certain other information is attached as Exhibit 99.1 to this report. --- EX-99.1 (EX-99.1) --- eBay Inc. Reports Better Than Expected First Quarter 2023 Results • Revenue of $2.5 billion , up 1% o n an as-reported basis and up 3% on a n FX-Neutral basis • Gross Merchandise Volume of $18.4 billion , down 5% on an as-reported basis and down 2% on an FX-Neutral

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Source: SEC EDGAR

accession 0001628280-23-013226

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