Ebay has posted a modest increase in revenue for the fourth fiscal quarter, which management said was in line with expectations.
The company’s revenue for the quarter ended December 31 rose 1 per cent year-on-year to $2.6 billion.
Gross Merchandise Volume (GMV) increased 4 per cent to $19.3 billion, marking the third consecutive quarter of GMV growth for the year.
On the bottom line, GAAP net income from continuing operations fell 7 per cent to $680 million, while non-GAAP net income grew 8 per cent to $607 million.
“Ebay delivered strong results in the fourth quarter, as we met or exceeded expectations across our key financial metrics,” said CFO Steve Priest.
“We created a solid foundation to build upon in 2025, and our outlook reflects our confidence in Ebay’s ability to drive sustainable, long-term growth,” he added.
For the full year, revenue rose 2 per cent to $10.3 billion and GMV grew 2 per cent to $74.7 billion.
The company expects revenue growth of -1 per cent to 1 per cent and GMV to be flat or up 1 per cent in the first quarter of FY25.
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