Summary
eBay Inc. reported strong performance for the fiscal year ended December 31, 2018, with net revenues increasing by 8% to $10.7 billion. This growth was primarily driven by the Marketplace and Classifieds segments. The company also saw an increase in diluted earnings per share from continuing operations to $2.55, a significant improvement from the prior year's loss. A key strategic move in 2018 was the sale of its Flipkart investment for $1 billion, contributing to robust cash flow from operations of $2.7 billion. In a significant development for shareholders, eBay announced the initiation of a quarterly cash dividend in January 2019, signaling a commitment to returning value. The company also continued its substantial share repurchase program, buying back approximately $4.5 billion of its common stock in 2018, with an additional $4.0 billion authorized in early 2019. These actions, combined with solid operational performance, position eBay as a stable player in the e-commerce landscape.
Financial Highlights
59 data points| Revenue | $8.65B |
| Cost of Revenue | $2.02B |
| Gross Profit | $6.63B |
| R&D Expenses | $1.05B |
| Operating Expenses | $4.88B |
| Operating Income | $1.75B |
| Interest Expense | $326.00M |
| Net Income | $2.53B |
| EPS (Basic) | $2.58 |
| EPS (Diluted) | $2.55 |
| Shares Outstanding (Basic) | 980.00M |
| Shares Outstanding (Diluted) | 991.00M |
Key Highlights
- 1Net revenues grew 8% to $10.7 billion in 2018, driven by Marketplace and Classifieds.
- 2Diluted EPS from continuing operations improved to $2.55, up from a loss in 2017.
- 3Sold Flipkart investment for $1 billion, generating significant cash proceeds.
- 4Initiated a quarterly cash dividend in January 2019, returning capital to shareholders.
- 5Repurchased approximately $4.5 billion of common stock in 2018, demonstrating commitment to shareholder returns.
- 6Ended 2018 with $8.6 billion in cash, cash equivalents, and non-equity investments, indicating strong liquidity.