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AI brief of an SEC Form 8-K · eBay (EBAY)

eBay Q1 revenue rises 2% to $2.6 billion, but GAAP EPS falls 19% to $0.85

Mixed Impact 3 of 5 earnings Written later

eBay reported first-quarter 2024 results for the quarter ended March 31, 2024, with revenue up 2% and GAAP earnings per diluted share down 19% year over year, while non-GAAP EPS rose 13%. The company also gave second-quarter guidance of $2.49 billion to $2.54 billion in revenue and declared a $0.27 per share dividend, which shareholders of record as of May 31, 2024 will receive.

Key points

  • Revenue was $2.6 billion, up 2% from $2.51 billion a year earlier; GMV was $18.6 billion, up 1%.
  • GAAP net income from continuing operations was $439 million, or $0.85 per diluted share, versus $1.05 a year earlier; non-GAAP EPS was $1.25, versus $1.11.
  • Second-quarter 2024 guidance: revenue of $2.49 billion to $2.54 billion, GAAP diluted EPS of $0.76 to $0.81, and non-GAAP diluted EPS of $1.10 to $1.15.
  • eBay returned $638 million to shareholders in the quarter, including $499 million of share repurchases and $139 million of dividends.

The filing

CompanyeBay (EBAY)
Form8-K, current report
Filed with the SECMay 1, 2024, 4:06 PM ET
Accession number0001065088-24-000073

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.