EBay Beats On Earnings, Stock Down Slightly

Ebay John DonahoeGetty / Justin SullivaneBay CEO John Donahoe

eBay announced its Q1 earnings this afternoon.

Here are the numbers:

  • EPS:$0.70 (analysts expected $US0.67)
  • Revenue:$4.26 billion (analysts expected $US4.23 billion)

That’s a beat for both EPS and revenue, with revenue increasing 14% compared to the same period in 2013.

The company’s guidance for the next quarter is non-GAAP EPS of between $US0.67 and $US0.69 and net revenue between $US4.32 and $US4.42 billion.

The stock is down nearly 4% after-hours.

It’s been an interesting quarter for eBay, as the company dealt with a very public back-and-forth with activist investor Carl Icahn, who accused several board members, including Marc Andreessen, of not having eBay’s best interests in mind, and urging PayPal to spin off as a separate company.

The fight ended when eBay agreed to Icahn’s suggestion to appoint David Dorman to its board.

PayPal’s total payment volume grew 27% and it gained 5.8 million new active registered accounts, ending the quarter at 148 million, up 16%.

Here’s a chart of eBay’s revenues:

Here’s a chart showing the dollar value of all goods sold over the eBay Marketplace:

Here’s the full release:

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