Every material Form 8-K eBay filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
eBay reported third quarter 2024 revenue of $2.6 billion, up 3%, and non-GAAP earnings of $1.19 per diluted share, up 16%. GAAP earnings fell to $1.29 per share from $2.46, and the year-earlier quarter included a $1.2 billion gain on equity investments and warrant, which did not recur at that size. The company also gave fourth quarter and full-year 2024 guidance and declared a $0.27 per share dividend.
Revenue was $2,576 million, up 3%; gross merchandise volume was $18.3 billion, up 2%.
GAAP net income was $636 million ($1.29 per diluted share), down from $1,306 million ($2.46 per share) a year earlier.
Non-GAAP EPS was $1.19, up from $1.03; the company repurchased $750 million of stock and paid $131 million in dividends.
Full-year 2024 guidance: revenue of $10.23 to $10.29 billion and non-GAAP EPS of $4.80 to $4.85; the $0.27 dividend is payable December 13, 2024.
eBay's board increased its size from 10 to 11 members and appointed William D. Nash, president and CEO of CarMax, as a director effective September 18, 2024. The board also adopted amendments to the company's bylaws on September 19, 2024, tightening stockholder nomination procedures and clarifying quorum and director resignation rules.
William D. Nash appointed to board effective September 18, 2024; term runs to the 2025 annual meeting
Nash is president and CEO of CarMax and receives standard non-employee director compensation
Bylaws amended effective September 19, 2024, including limits on the number of nominees a stockholder may put forward
Board will have 11 directors, ten of whom are independent, according to the press release
eBay reported second-quarter 2024 revenue of $2.6 billion, up 1% as reported and 2% on an FX-neutral basis, with GAAP earnings of $0.45 per diluted share versus $0.32 a year earlier. The company also gave third-quarter revenue guidance of $2.50 to $2.56 billion and non-GAAP EPS guidance of $1.15 to $1.20, and declared a $0.27 quarterly dividend.
Q2 revenue was $2,572 million, up 1% as reported and 2% FX-neutral; GMV was $18.4 billion, up 1%
GAAP EPS was $0.45 vs. $0.32 a year earlier; non-GAAP EPS was $1.18 vs. $1.03
Q3 2024 guidance: revenue $2.50 to $2.56 billion; diluted non-GAAP EPS $1.15 to $1.20
Returned $1.1 billion to stockholders in Q2, including $1.0 billion of buybacks; $0.27 dividend payable September 13, 2024
On May 29, 2024, eBay completed the previously announced sale of its Adevinta ASA shares to Aurelia BidCo 1 Norway AS and Aurelia Netherlands TopCo B.V., which received 227,115,592 and 177,115,591 shares respectively. The first block was sold for approximately $2.4 billion in cash, while the second was exchanged for shares in TopCo. eBay said it intends to use the cash for general corporate purposes, which may include share repurchases and debt repayment, and will update shareholders on capital allocation with its second-quarter 2024 results.
Cash consideration of approximately $2.4 billion for 227,115,592 Adevinta shares sold to Aurelia BidCo 1 Norway AS
177,115,591 Adevinta shares exchanged for 177,115,591 shares in Aurelia Netherlands TopCo B.V.
Cash proceeds may fund share repurchases, debt repayment, capital expenditures and possible acquisitions
Next update on overall capital allocation plans expected with results for the quarter ended June 30, 2024
eBay and its affiliates signed amendments to agreements covering its Adevinta ASA stake. eBay would sell 227,115,592 Adevinta shares for about $2.4 billion in cash and transfer 177,115,591 shares to TopCo in exchange for new TopCo shares. The filing says the changes raise the cash eBay expects at closing by about $270 million but reduce its expected ownership in Adevinta from about 20% to about 18%.
Amendments dated May 10, 2024 change the Bid Conduct Agreement and Transaction Completion Agreement, both originally dated November 21, 2023.
Share sale to BidCo 1 increases to 227,115,592 Adevinta shares for about $2.4 billion in cash.
Shares transferred to TopCo decrease to 177,115,591 in exchange for new TopCo shares.
Expected cash at closing rises by about $270 million, while expected Adevinta ownership falls from about 20% to about 18%.
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.
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.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every eBay filing is on SEC EDGAR ↗. 8-K briefs of other companies →