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eBay's (EBAY) Q4 Earnings Beat Estimates, Revenues Down Y/Y
eBay Inc. EBAY reported fourth-quarter 2019 non-GAAP earnings of 81 cents, beating the Zacks Consensus Estimate by 8%. The reported figure also improved 14.1% year over year and 20.9% sequentially.
Net revenues of $2.82 billion also surpassed the Zacks Consensus Estimate by 0.4%. The top line was up 6.5% from the prior quarter.
However, it was down 2% on a year-over-year basis (flat on an FX-neutral basis). This can be attributed to slowdown in gross merchandise volume (GMV) due to sluggish contribution from Marketplace platform and StubHub.
Nevertheless, the company witnessed solid momentum across its managed payments offerings. Further, eBay’s Promoted Listings delivered robust performance by generating revenues of $136 million, up 73% from the year-ago quarter.
Additionally, the company witnessed growth of 2.2% in the active buyer number. The active buyers base came in at 183 million at the end of the fourth quarter.
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https://finance.yahoo.com/news/ebays-eba...03902.html
![[Bild: EBAYc1dl1636.png]](https://finviz.com/publish/012920/EBAYc1dl1636.png)
eBay Inc. EBAY reported fourth-quarter 2019 non-GAAP earnings of 81 cents, beating the Zacks Consensus Estimate by 8%. The reported figure also improved 14.1% year over year and 20.9% sequentially.
Net revenues of $2.82 billion also surpassed the Zacks Consensus Estimate by 0.4%. The top line was up 6.5% from the prior quarter.
However, it was down 2% on a year-over-year basis (flat on an FX-neutral basis). This can be attributed to slowdown in gross merchandise volume (GMV) due to sluggish contribution from Marketplace platform and StubHub.
Nevertheless, the company witnessed solid momentum across its managed payments offerings. Further, eBay’s Promoted Listings delivered robust performance by generating revenues of $136 million, up 73% from the year-ago quarter.
Additionally, the company witnessed growth of 2.2% in the active buyer number. The active buyers base came in at 183 million at the end of the fourth quarter.
...
https://finance.yahoo.com/news/ebays-eba...03902.html
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