Sector: Consumer Discretionary|Industry: Internet Retail|Market Cap: $30.71B|Employees: 12.3K
eBay Inc. is a global commerce leader that connects buyers and sellers through its online marketplace platform, enabling transactions for a wide variety of goods. The company's primary revenue streams are derived from fees collected on paid sales, payment processing, and first-party advertising. eBay operates in over 190 markets, with a strong presence in the United States, the United Kingdom, Germany, and Australia.
The company reported net revenues of $2.576 billion for the three months ended September 30, 2024, a 3% increase compared to $2.500 billion for the same period in 2023. This indicates a moderate but positive growth in top-line performance.
The operating margin increased to 23.1% for the three months ended September 30, 2024, compared to 18.2% for the same period in 2023. This improvement suggests enhanced profitability management.
Cash flow from continuing operating activities was $755 million for the three months ended September 30, 2024, compared to $862 million for the same period in 2023. This decrease may raise concerns about the company's ability to generate cash.