EBAY INC Reports Third Quarter Earnings for FY2023 on November 7
November 26, 2023
🌥️Earnings Overview
On November 7 2023, EBAY INC ($NASDAQ:EBAY) reported its earnings results for the third quarter of FY2023, which ended on September 30 2023. The company noted a 5.0% year-over-year increase in total revenue to USD 2500.0 million, and a net income of USD 1305.0 million, as opposed to the -69.0 million loss reported in the same period last year.
Price History
The report showed that the company’s stock opened at $40.5 and closed at $40.8, an increase of 1.0% from its previous closing price of $40.4. The earnings report highlighted strong performances in all aspects of the company’s operations, including increases in revenue and profits, as well as reduced costs. Overall, these results show that EBAY INC is continuing to make progress towards its goals of increasing profitability and expanding its customer base.
The company’s stock has been performing well despite challenging economic conditions, and this latest earnings report is further evidence of the company’s ability to weather these turbulent times. With continued growth and success, investors can be confident that EBAY INC will remain a solid investment opportunity for the foreseeable future. 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 |
| 10.06k | 2.71k | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ebay Inc. More…
| Operations | Investing | Financing |
| 2.99k | -774 | -1.33k |
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 |
| 21.18k | 15.29k | 11.34 |
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 |
| -5.2% | -11.0% | 36.6% |
| FCF Margin | ROE | ROA |
| 24.9% | 41.2% | 10.9% |
Analysis
GoodWhale recently conducted an analysis of EBAY INC‘s wellbeing. According to our Star Chart, EBAY INC has a high health score of 9/10 with regard to its cashflows and debt, indicating that it is well-positioned to sustain future operations in times of crisis. We have classified EBAY INC as a ‘cow’, a type of company we conclude has the track record of paying out consistent and sustainable dividends. This makes EBAY INC an attractive investment opportunity for those investors who value dividend income. Furthermore, our analysis shows that EBAY INC is strong in dividend, profitability, medium in asset, and weak in growth. For those looking for a steady dividend payment with the potential for capital appreciation, EBAY INC is an ideal option. 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
EBAY INC reported strong third quarter earnings for FY2023, with total revenue of USD 2500.0 million, a 5.0% year-over-year increase. Net income came in at USD 1305.0 million, a significant improvement from the loss of -69.0 million in the same period last year. Investors should take note of the company’s positive performance as well as its potential for continued growth and success.
In addition, analysts have given the company a “buy” recommendation, citing its resilient business model and strong financial position. With a solid outlook and attractive stock price, now may be the time to consider investing in EBAY INC.
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