Summary by Moomoo AI
eBay reported a 3% increase in net revenues to $2,576 million for Q3 2024, with FX-Neutral net revenues also up 3% year-over-year. Operating margin improved to 23.1% from 18.2% in the same period last year. The company generated $755 million in cash flow from continuing operating activities, down from $862 million in Q3 2023.Gross Merchandise Volume (GMV) rose 2% to $18,306 million, while take rate expanded by 18 basis points to 14.08%. eBay continued its capital return program, repurchasing $755 million of common stock and paying $131 million in dividends during the quarter. The Board declared a quarterly cash dividend of $0.27 per share, payable on December 13, 2024.eBay faces ongoing challenges from dynamic discretionary spending trends, inflationary pressures, and foreign exchange volatility. Despite these headwinds, the company maintains a strong financial position with $5.8 billion in cash, cash equivalents, and investments as of September 30, 2024. eBay remains focused on improving seller tools and buyer experiences across its platforms, powered by intelligent computing at scale.
