The American e-commerce group Ebay Inc. was able to easily improve its sales in the 2024 financial year. The profit, on the other hand, missed the previous year’s level.
CEO Jamie Iannone was satisfied with the recent development: In the fourth quarter, the company “fulfilled or exceeded expectations for essential key figures,” he emphasized in a message published on Wednesday. This means that Ebay “laid a stable foundation on which we can build in 2025”.
In the entire financial year 2024, the group turnover was $ 10.3 billion (9.8 billion euros). He exceeded the level of 2023 by two percent. The gross-like volume (GMV) rose by two percent (currency-adjusted +1 percent) to $ 74.7 billion.
Thanks to the higher margins, the operational result rose by 19 percent to $ 2.3 billion. However, the designated net profit shrank 29 percent to just under $ 2.0 billion (1.9 billion euros). Adjusted for special effects, the annual surplus from continued business areas grew by eight percent to $ 2.4 billion.