eBay Posts 15% Q4 Revenue Growth, Buys Depop for $1.2B
eBay reported Q4 net revenue of $3.0 billion, up 15% year over year, and delivered adjusted EPS of $1.41 as GMV climbed to $21.2 billion. The company agreed to buy Depop for $1.2 billion, raised its quarterly dividend to $0.31, authorized a $2 billion buyback, and guided Q1 revenue to $3.00–3.05 billion.
1. Fourth-Quarter Financial Results
eBay generated net revenue of $3.0 billion in Q4, marking a 15% increase year over year, with adjusted earnings per share of $1.41. Gross merchandise volume reached $21.2 billion, driven by holiday demand, live-shopping initiatives, and AI-driven tools.
2. Depop Acquisition
The company agreed to acquire secondhand apparel platform Depop from Etsy for $1.2 billion in cash, aiming to expand its presence among younger shoppers. The transaction is expected to close later this year, subject to customary regulatory and closing conditions.
3. Capital Returns and Outlook
eBay raised its quarterly dividend to $0.31 per share from $0.29 and authorized a $2 billion share repurchase program. For Q1, management forecasts revenue of $3.00–3.05 billion and non-GAAP EPS of $1.53–1.59, both above consensus estimates.