Summary by Futu AI
eBay reported Q3 2024 results with revenue of $2.6 billion, up 3% YoY, and GMV of $18.3 billion, up 2% YoY. Net income from continuing operations was $636 million, or $1.29 per diluted share. Non-GAAP net income was $588 million, or $1.19 per diluted share.The company generated $755 million in operating cash flow and $646 million in free cash flow. eBay returned $881 million to stockholders, including $750 million in share repurchases and $131 million in cash dividends. First-party advertising revenue grew 15% YoY to $396 million.For Q4 2024, eBay expects revenue between $2.53-$2.59 billion and non-GAAP EPS of $1.17-$1.22. The full-year 2024 outlook projects revenue of $10.23-$10.29 billion and non-GAAP EPS of $4.80-$4.85. The company also declared a quarterly cash dividend of $0.27 per share.