American firm eBay's revenue rises 5% in Q3 FY23

The company’s gross merchandise volume (GMV) showed a more modest rise of 2 per cent on an as-reported basis, totalling $18 billion, and remained relatively unchanged on an FX-neutral basis.

A significant leap was observed in eBay’s GAAP net income from continuing operations, which stood at $1.3 billion, equating to $2.46 per diluted share. In terms of non-GAAP figures, net income from continuing operations reached $545 million, or $1.03 per diluted share, presenting a robust financial position for the tech giant, the company said in its Q3 FY23 results.

Operational efficiency is reflected in eBay’s margins, with the GAAP operating margin reported at 18.2 per cent, and the non-GAAP operating margin at a higher 26.4 per cent.

ALCHEMPro News Desk (DP)