Shares of e-commerce platform eBay (EBAY -6.21%) plunged on Thursday after the company reported financial results for the fourth quarter of 2024. At noon ET, eBay stock was down by 7%, but it had been down as much as 11% earlier in the day.
eBay Inc. EBAY shares are trading lower on Thursday following fourth-quarter results and soft first-quarter revenue guidance reported on Wednesday.
eBay's fourth-quarter earnings beat estimates, benefiting from solid consumer demand during the shortened holiday shopping season.
Last year was a “transformative” one for eBay as the company deployed artificial intelligence (AI) tools for use by employees, sellers and buyers, executives said Wednesday (Feb. 26) during the company's quarterly earnings call.
eBay Inc. (NASDAQ:EBAY ) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants John Egbert - Vice President, Investor Relations Jamie Iannone - President and Chief Executive Officer Steve Priest - Chief Financial Officer Conference Call Participants Michael Morton - MoffettNathanson Lee Horowitz - Deutsche Bank Eric Sheridan - Goldman Sachs Ygal Arounian - Citi Nathan Feather - Morgan Stanley Colin Sebastian - Baird Ross Sandler - Barclays Nick Jones - Citizens Stephen Ju - UBS Operator Thank you for standing by, and welcome to the eBay Fourth Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Although the revenue and EPS for eBay (EBAY) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
EBay (EBAY) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.07 per share a year ago.
eBay (EBAY -2.52%), the global online marketplace leader, reported better-than-expected financial results for its fourth quarter, announced on February 26, 2025. The company outperformed both analyst estimates and its own guidance, with notable achievements in earnings per share (EPS) and revenue.
E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector's items and refurbished goods.
The eBay stock price has done well in the past few years, and is nearing the highest level since November 2021. It has done by over 102% from the lowest point in 2022, bringing its market cap to over $33 billion.
Despite outperforming the S&P year-to-date, eBay Inc.'s stock shows caution signals, with a mixed experience from a top-rated seller and declining GMV since 2021. eBay's GMV surged during COVID-19 but has since dropped significantly, with recent stock price increases not aligned with substantial GMV or Active Buyer growth. Key factors behind eBay's 2024 stock surge include AI innovations, strategic partnerships, fee eliminations, and a slight GMV rebound, though these may not justify the rise.
eBay's fourth-quarter results are expected to benefit from AI-powered tools and growth in ad revenue amid seasonal pressures.