Shares of eBay Inc. ( NASDAQ: EBAY ) were up over 1% on Friday. The stock has dropped 25% year-to-date and 33% over the past 12 months. Last week, the company delivered second quarter 2022 earnings results that surpassed expectations despite the top line declining year-over-year and the bottom line remaining flat. Here’s a look at the company’s expectations for the coming quarter and the fiscal year: Revenue
In Q2 2022, eBay generated revenues of $2.4 billion, down 9% on a reported basis and 6% on an FX-neutral basis. The revenue decline was caused by the lapping of mobility restrictions last year and a challenging macro environment. Despite macro headwinds, ad rates and adoption continued to grow in the quarter.
eBay’s first-party advertising products delivered $232 million in revenue, which was up 2% on a reported basis and 6% on an FX-neutral basis. The company’s total advertising offerings generated revenues of around $275 million in Q2.
For the third quarter of 2022, eBay expects revenue to range between $2.29-2.37 billion, which represents a decline of 8-5% on a reported basis and 5-2% on an FX-neutral basis. For the full year of 2022, revenue is estimated to be $9.6-9.9 billion, representing a decline of 8-5% on a reported basis and 6-3% on an FX-neutral basis. Profits and margins
eBay reported a net loss from continuing operations of $0.96 per share in Q2, driven mainly by losses in its investment portfolio caused by market volatility. Adjusted EPS amounted to $0.99, in line with the year-ago quarter. Operating margin was 21.7% on a GAAP basis and 28.7% on an adjusted basis, with both numbers reflecting declines versus the prior-year quarter.
For the third quarter of 2022, eBay expects adjusted EPS to be down 1% to up 6% versus the year-ago period and to […]
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.