Business
eBay Inc. Reports Fourth Quarter and Full Year 2019 Results
-- Revenue of $2.8 billion -- GAAP and Non-GAAP EPS per diluted share of $0.69 and $0.81, respectively, on a continuing operations basis -- GAAP and Non-GAAP
About this update from Ebay Inc.
[{"type":"text","content":"-- Revenue of $2.8 billion\n -- GAAP and Non-GAAP EPS per diluted share of $0.69 and $0.81, respectively, on a continuing operations basis\n -- GAAP and Non-GAAP operating margin of 21.9% and 29.3%, respectively\n -- Returned $1.1 billion to shareholders in Q4 and $5.5 billion to shareholders in 2019 through share repurchases and cash dividends\n -- Entered into a definitive agreement with viagogo to sell StubHub for a purchase price of $4.05 billion in cash\n -- Board of Directors declared a quarterly dividend of $0.16 per share, a 14% increase from the prior quarterly dividend, and expands share repurchase authorization by an additional $5.0 billion\n\n\nSAN JOSE, Calif., Jan. 28, 2020 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its fourth quarter and full year ended December 31, 2019.\n\n \n \n\n \n\"I am proud of how well our teams have executed over the past year and the innovative solutions we have provided for our buyers and sellers,\" said Scott Schenkel, interim Chief Executive Officer of eBay Inc. \"As we enter 2020, our priorities are clear - we will continue to drive revenue through our growth initiatives, deliver more seller tools, improve the buyer experience by leveraging our structured data foundation, all while driving more margin expansion. We believe these efforts will position us for sustainable, profitable long-term growth and I am excited by the opportunities ahead.\"\nFourth Quarter Financial Highlights\nRevenue was $2.8 billion, down 2% on an as-reported basis and remaining flat on a foreign exchange (FX) neutral basis. Gross merchandise volume (GMV) was $23.3 billion, down 5% on an as-reported basis and down 4% on a FX-Neutral basis. Active buyers grew by 2% across eBay's platforms, for a total of 183 million global active buyers. Marketplace platforms delivered $2.2 billion of revenue, down 3% on an as-reported basis and down 1% on a FX-Neutral basis, and $22.0 billion of GMV, down 5% on an as-reported basis and down 4% on a FX-Neutral basis. StubHub platforms drove revenue of $321 million, up 2% on both an as-reported and a FX-Neutral basis, and GMV of $1.3 billion, down 5% on both an as-reported and a FX-Neutral basis. Classifieds platforms delivered revenue of $269 million, up 3%...