eBay earnings declined in Q4

 

EBay shares fell after the company's earnings call last week.  EBay posted a revenue decline for Q4 and issued downbeat guidance for the first half of 2023. EBay's revenue fell to $2.51B in Q4, a decline of 4% YoY. The company's gross merchandise value (GMV) fell by 12% while its earnings per share stood at $1.07. EBay forecasts revenue of between $2.46B and $2.50B for the current quarter, a downward revision from Wall Street's estimate of $2.37B. The company also warned that its profit might fall to zero in the current quarter. EBay shares closed 6% lower following news of its results.