eBay (EBAY) Q1 2024 Earnings Preview
Monday, 29 April 2024, 17:54
Revenue
eBay has guided for revenue of $2.50-2.54 billion for the first quarter of 2024, indicating stable to slightly positive growth YoY. Analysts predict $2.53 billion in revenue for Q1 2024, up from $2.51 billion in Q1 2023.
Earnings
eBay expects adjusted EPS of $1.19-1.23 for Q1. Consensus estimates for EPS are at $1.20, compared to $1.11 in Q1 2023 and $1.07 in Q4 2023.
Points to Note
- eBay anticipates GMV of $18.2-18.5 billion, reflecting a minor YoY downtrend. The company leverages first-party ad boosts and category growth strategies to drive revenue.
- Consumer demand trends are somewhat affected by a softer economic environment, with varying performance across regions. US sales show better resilience compared to international markets, hinting at potential challenges in Q1.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.