The company’s resale activity avoided 1.6 million metric tons of carbon emissions and kept 73,000 metric tons of waste from going into landfills, eBay said in a press release.      

Gross merchandise value (GMV) for FY22 was $73.9 billion, a 15 per cent decrease on an as-reported basis and an 11 per cent decrease on an FX-neutral basis.

In FY22, the company reported a GAAP net loss from continuing operations of $1.3 billion, or minus $2.28 per diluted share, mainly due to the change in fair value of equity investments. However, the company also reported a non-GAAP net income from continuing operations of $2.3 billion, or $4.11 per diluted share, and a GAAP and non-GAAP operating margin of 24 per cent and 30 per cent, respectively.

eBay also reported generating $2.6 billion in operating cash flow and $2.2 billion of free cash flow from continuing operations for FY22.

For the fourth quarter (Q4) of FY22, eBay reported revenue of $2.5 billion, a 4 per cent decrease on an as-reported basis, compared to the same period in the previous year. GMV for the quarter was $18.2 billion, a 12 per cent decrease year-on-year (YoY) on an as-reported basis. The company reported a GAAP net income from continuing operations of $671 million, or $1.23 per diluted share, and a non-GAAP net income from continuing operations of $581 million, or $1.07 per diluted share. The GAAP and non-GAAP operating margin for the quarter were 22.5 per cent and 29.9 per cent, respectively.

In Q4 FY22, eBay generated $686 million of operating cash flow and $533 million of free cash flow from continuing operations.

For Q1 FY23, eBay expects a revenue range of $2.46-$2.50 billion, with expected organic FX-neutral YoY growth between 0-2 per cent. The diluted GAAP EPS for Q1 FY23 is anticipated to be between $0.77 and $0.81, while the diluted non-GAAP EPS is expected to be in the range of $1.05-$1.09.

Fibre2Fashion News Desk (DP)