2024-05-01 20:31:14 ET
eBay Inc. (EBAY)
Q1 2024 Earnings Conference Call
May 01, 2024, 05:00 PM ET
Company Participants
John Egbert - VP of IR
Jamie Iannone - CEO
Steve Priest - CFO
Conference Call Participants
Nathan Feather - Morgan Stanley
Colin Sebastian - Baird
Eric Sheridan - Goldman Sachs
Tom Champion - Piper Sandler
Bryan Smilek - JPMorgan
John Blackledge - TD Cowen
Richard Kramer - Arete Research
Michael Morton - MoffettNathanson
Presentation
Operator
Good afternoon, and welcome to eBay's First Quarter 2024 Earnings Conference Call. [Operator Instructions] Thank you. As a reminder, this conference call is being recorded.
I would now like to turn the call over to John Egbert, Vice President of Investor Relations. Thank you. Please go ahead.
John Egbert
Good afternoon. Thank you all for joining us for eBay's first quarter 2024 earnings conference call. Joining me today on the call are Jamie Iannone, our Chief Executive Officer, and Steve Priest, our Chief Financial Officer. We're providing a slide presentation to accompany our commentary during the call, which is available through the Investor Relations section of the eBay website at investors.ebayinc.com.
Before we begin, I'll remind you that during this conference call, we will discuss certain non-GAAP measures related to our performance. You can find the reconciliation of these measures to the nearest comparable GAAP measures in our accompanying slide presentation. Additionally, all growth rates noted in our prepared remarks will reflect FX-neutral year-over-year comparisons and all earnings per share amounts reflect earnings per diluted share unless indicated otherwise. During this conference call, management will make forward-looking statements, including, without limitation, statements regarding our future performance and expected financial results. These forward-looking statements involve known and unknown risks and uncertainties.
Our actual results may differ materially from our forecast for a variety of reasons. You can find more information about risks, uncertainties, and other factors that could affect our operating results in our most recent periodic reports on Form 10-K, Form 10-Q, and our earnings release from earlier today. You should not rely on any forward-looking statements. All information in this presentation is as of May 1, 2024. We do not intend and undertake no duty to update this information.
With that, I'll turn the call over to Jamie.
Jamie Iannone
Thanks, John. Good afternoon, everyone, and thank you all for joining us today.
We delivered strong results in Q1 even as we continue to navigate ongoing challenges in the global economy. Gross merchandise volume was roughly flat at $18.6 billion, while revenue grew more than 2% to $2.56 billion. Our non-GAAP operating margin was 30.3%....
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eBay Inc. (EBAY) Q1 2024 Earnings Call Transcript