- Revenue of $2.6 billion
- GAAP and Non-GAAP EPS per diluted share of $0.57 and $0.67, respectively, on a continuing operations basis
- GAAP and Non-GAAP operating margin of 23.0% and 29.8%, respectively
- Returned $1.6 billion to shareholders in Q1, including $1.5 billion of share repurchases and $125 million paid in cash dividends
- GAAP net income from continuing operations of $521 million, or $0.57 per diluted share and Non-GAAP net income from continuing operations of $608 million, or $0.67 per diluted share
- eBay generated $550 million of operating cash flow and $368 million of free cash flow
- Q1: eBay grew active buyers by 4% across its platforms, for a total of 180 million global active buyers.
- Marketplace platforms delivered $2.2 billion of revenue and $21.6 billion of GMV
- Marketplace revenue growth was 3% on an as-reported basis and 4% on a FX-Neutral basis
- GMV was down 4% on an as-reported basis and down 1% on a FX-Neutral basis.
- StubHub platforms drove revenue of $230 million, flat on both an as-reported and FX-Neutral basis, and GMV of $1.0 billion, down 3% on an as-reported basis and down 2% on a FX-Neutral basis.
- Classifieds platforms delivered revenue of $256 million, up 4% on an as-reported basis and up 12% on a FX-Neutral basis.
- eBay intermediated $220 million in GMV in Q1 - a 61% QoQ increase - bringing the total GMV enabled since launch to $363 million and saving sellers $2.7 million in payment-related costs.
- Operating margin — GAAP operating margin increased to 23.0% for the first quarter of 2019, compared to 22.5% for the same period last year. Non-GAAP operating margin increased to 29.8% in the first quarter of 2019, compared to 27.9% for the same period last year.
- Taxes — The GAAP effective tax rate for continuing operations for the first quarter of 2019 was 22.6%, compared to 25.6% for the first quarter of 2018. The non-GAAP effective tax rate for continuing operations for the first quarter of 2019 was 17.6%, compared to 20.4% for the first quarter of 2018.
- Q1 2019 cash flow: $550 million of operating cash flow from continuing operations and $368 million of free cash flow
Q2 2019 Outlook:
- Net revenue between $2.64 billion and $2.69 billion
- GAAP earnings per diluted share from continuing operations in the range of $0.41 - $0.45
- non-GAAP earnings per diluted share from continuing operations in the range of $0.61 - $0.63
Full Year Outlook:
- Net revenue between $10.83 billion and $10.93 billion
- GAAP earnings per diluted share from continuing operations in the range of $1.94 - $2.04
- non-GAAP earnings per diluted share from continuing operations in the range of $2.64 - $2.70
Submitted April 23, 2019 at 04:59PM by hyousef333 http://bit.ly/2Gw562o
