eBay's Financial Performance in Q4

eBay Inc. has recently disclosed its financial outcomes for the fourth quarter of the fiscal year 2024, showcasing a modest 1% increase in revenue, amounting to $2.6 billion. However, the company experienced a 7% decline in net income, settling at $680 million when compared to the same quarter in the previous year. Despite this, eBay's diluted earnings per share (EPS) remained consistent at $1.40.

CFO's Optimistic Outlook

Steve Priest, eBay's Chief Financial Officer, expressed satisfaction with the quarter's results, stating, "eBay delivered strong results in the fourth quarter, as we met or exceeded expectations across our key financial metrics." He further emphasized the company's robust foundation and optimistic outlook for sustainable, long-term growth in 2025.

Market Reaction

Following the announcement, eBay's stock witnessed a significant downturn, dropping by 6.36% in after-hours trading, reflecting investor reactions to the mixed financial results.