EBAY INC Reports FY2023 Q2 Earnings Results on July 26, 2023
July 29, 2023
🌥️Earnings Overview
On July 26th, 2023, EBAY INC ($NASDAQ:EBAY) released its financial results for the second quarter of FY2023 ending June 30th, 2023. Total revenue for the quarter amounted to USD 2540.0 million, representing an increase of 4.9% from the same period last year. Net income in the second quarter was USD 171.0 million, showing an impressive 132.2% growth compared to the same period of the previous year.
Market Price
On Wednesday, July 26th, 2023, EBAY INC released their financial earnings results for the second quarter of their fiscal year 2023. The stock opened that day at $48.1 and closed at $48.8, up by 1.0% from the prior closing price of 48.3. This modest increase in the stock price demonstrates that investors are remaining confident in the company’s performance and potential for growth in the near future. This was a result of increased sales and improved margins due to cost cutting measures instituted earlier in the year.
Overall, the company’s performance this quarter was a positive sign for their future prospects. Investors remain confident in their ability to perform well in the upcoming quarters and continue to invest in their stock. It will be interesting to see how EBAY INC performs as they move through the remainder of their fiscal year 2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ebay Inc. More…
| Total Revenues | Net Income | Net Margin |
| 9.94k | 1.34k | 15.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ebay Inc. More…
| Operations | Investing | Financing |
| 2.85k | -879 | -1.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ebay Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.96k | 14.69k | 10.07 |
Key Ratios Snapshot
Some of the financial key ratios for Ebay Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.9% | -5.5% | 20.0% |
| FCF Margin | ROE | ROA |
| 23.7% | 23.1% | 6.2% |
Analysis
At GoodWhale, we have analyzed the financials of EBAY INC and have determined that it is a medium risk investment in terms of financial and business aspects. On our platform, registered users are able to further analyze the company’s income sheet, balance sheet, and financial journal in order to determine if it is a good investment for them. We have identified three risk warnings associated with EBAY INC’s financials which registered users can access on our platform. These risk warnings can provide key insights into the company’s potential profitability and stability. We encourage investors to look through these risk warnings before making any decisions to invest or not invest in EBAY INC. More…
Peers
eBay Inc is an online marketplace company that operates in countries around the world. Its main marketplaces are eBay.com, a marketplace for used and new goods, and eBay Classifieds Group, a marketplace for classified ads. The company also owns PayPal, a payment processor. eBay’s main competitors are Etsy Inc, Just Eat Takeaway.com NV, and Global E Online Ltd. Etsy is an online marketplace focused on handmade and vintage items. Just Eat Takeaway.com NV is an online food ordering and delivery company. Global E Online Ltd is an online retailer that sells electronics and other goods.
– Etsy Inc ($NASDAQ:ETSY)
Etsy’s market cap and ROE are both quite impressive. The company is an online marketplace for handmade and vintage items. They have a wide variety of items available for purchase, and their community of sellers is very active. Etsy is a great platform for people who are looking for unique items that are not available in mass-produced stores.
– Just Eat Takeaway.com NV ($OTCPK:JTKWY)
Just Eat Takeaway.com NV is a market leader in online food delivery. It has a strong market position in Europe and is rapidly expanding its operations in the Americas. The company has a market cap of 3.73B as of 2022 and a Return on Equity of -21.97%. Just Eat Takeaway.com NV is a well-positioned company with a strong market position and a clear growth strategy.
– Global E Online Ltd ($NASDAQ:GLBE)
Global E Online Ltd is a provider of online marketplaces. The company operates in the business-to-business, business-to-consumer, and consumer-to-consumer markets. It has a market cap of 3.96B as of 2022 and a Return on Equity of -10.15%. The company offers a variety of products and services, including online marketplaces, e-commerce platforms, and digital marketing solutions. It also provides a range of value-added services, such as customer support, fulfillment, and logistics.
Summary
Investors in EBAY INC were pleased with the company’s second quarter performance for FY2023. Total revenue grew 4.9% year-over-year to USD 2540 million, while net income increased 132.2% to USD 171 million. This strong performance was driven by the company’s focus on expanding its customer base, increasing efficiency and cost savings, and leveraging digital technologies. Going forward, EBAY INC is well positioned to continue to deliver outstanding financial results and create value for its shareholders.
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