Ebay Net Revenue Of US $2 Billion 374 Million In The First Quarter Of 2020 Is Slightly Lower Than Expected.

On April 30th, relevant media learned that eBay released its first quarter financial report for fiscal year 2020 today, with a slightly lower revenue than expected.

Financial reports show that in the first quarter of fiscal year 2020, eBay net revenue was $2 billion 374 million, down 2% from the same period last year, and net profit of $485 million from continuing operations, down 6% from the same period last year. The diluted earnings per share from continuing operations were 0.64 US dollars, up 12% over the same period last year.

Excluding some one-time items, eBay's net profit from continuing operations reached $586 million in the first quarter, down 1% from the same period last year. The diluted earnings per share from continuing operations were $0.77, an increase of 19% over the same period last year.

EBay's operating cash flow in the first quarter was $702 million and free cash flow was $604 million. As of March 31, 2020, eBay held cash and cash equivalents and non equity investments totaling $5 billion 200 million.

Although eBay adjusted earnings per share exceeded Wall Street analysts' expectations in the first quarter, its revenue was slightly lower than expected, and the stock price fell more than 1% after eBay.

According to relevant media, in January this year, eBay also released its 2019 annual report. Financial reports showed that eBay's net revenue in the fourth quarter was $2 billion 821 million, down 2% from the same period last year. Net profit from continuing operations was 558 million US dollars, down 27% from the same period last year. In the fourth quarter, the net profit from continuing operations in the fourth quarter was 661 million dollars, down 2% from the same period last year.