eBay Beats Q1 Estimates On Marketing Revenue Growth, Cost Cutting

-10.74%
Downside
51.35
Market
45.84
Trefis
EBAY: eBay logo
EBAY
eBay

eBay (NASDAQ:EBAY) reported solid first quarter results on Tuesday, with revenues rising 4% year-over-year (y-o-y) to $2.14 billion, beating Reuters’ compiled consensus estimate of $2.08 billion. In terms of the bottom line, eBay’s adjusted Q1 earnings of 47 cents per share was higher than Reuters’ compiled consensus estimate of 45 cents. Top line growth was driven by a 17% increase in Marketing & Advertising revenue, while a 7% decline in operating expenses helped improve net income by 7%.

For the second quarter, eBay expects y-o-y top line growth of 1-4% and adjusted earnings of 40-42 cents a share.
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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Ebay
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