eBay Inc. reported Q2 2024 financial results, with revenue rising 1% year-over-year to $2.6 billion and Gross Merchandise Volume (GMV) increasing 1% to $18.4 billion. Net income from continuing operations was $226 million, or $0.45 per diluted share on a GAAP basis, and $602 million, or $1.18 per diluted share on a non-GAAP basis.The company generated $367 million in operating cash flow and $278 million in free cash flow during Q2. eBay returned $1.1 billion to stockholders, including $1.0 billion in share repurchases and $135 million in cash dividends. The company also completed the sale of Adevinta shares for $2.4 billion in cash and shares valued at $1.9 billion in a newly privatized entity, Aurelia.For Q3 2024, eBay expects revenue between $2.50 billion and $2.56 billion, representing 1-3% FX-Neutral year-over-year growth. The company forecasts GAAP diluted EPS of $0.82-$0.87 and non-GAAP diluted EPS of $1.15-$1.20 for the third quarter.

eBay Inc. reported Q2 2024 financial results, with revenue rising 1% year-over-year to $2.6 billion and Gross Merchandise Volume (GMV) increasing 1% to $18.4 billion. Net income from continuing operations was $226 million, or $0.45 per diluted share on a GAAP basis, and $602 million, or $1.18 per diluted share on a non-GAAP basis.The company generated $367 million in operating cash flow and $278 million in free cash flow during Q2. eBay returned $1.1 billion to stockholders, including $1.0 billion in share repurchases and $135 million in cash dividends. The company also completed the sale of Adevinta shares for $2.4 billion in cash and shares valued at $1.9 billion in a newly privatized entity, Aurelia.For Q3 2024, eBay expects revenue between $2.50 billion and $2.56 billion, representing 1-3% FX-Neutral year-over-year growth. The company forecasts GAAP diluted EPS of $0.82-$0.87 and non-GAAP diluted EPS of $1.15-$1.20 for the third quarter.