Toy market news

eBay Inc. reports better than expected fourth quarter and full year 2020 results

eBay Inc. has reported financial results for its fourth quarter and full year ended December 31, 2020

"I am proud eBay was able to be there for our buyers, sellers and community, especially in the face of a global pandemic," said Jamie Iannone, Chief Executive Officer at eBay. "We finished the year with strong financial results, but what inspires me most is the support we've been able to extend to small businesses - providing them with tools, resources and access to millions of buyers globally. We will continue to invest in product and technology in order to deliver the best marketplace in the world for our customers."

Fourth Quarter Financial Highlights

Revenue was $2.9 billion, up 28% on both an as-reported basis and a foreign exchange (FX) neutral basis.
    
Gross merchandise volume (GMV) was $26.6 billion, up 21% on an as-reported basis and up 18% on an FX-Neutral basis.
    
GAAP net income from continuing operations was $781 million, or $1.12 per diluted share.
    
Non-GAAP net income from continuing operations was $600 million, or $0.86 per diluted share.
    
Generated $883million of operating cash flow and $715 million of free cash flow from continuing operations.
    
Annual active buyers grew by 7%, for a total of 185 million global active buyers.

Full Year Financial Highlights

Revenue was $10.3 billion, up 19% on an as-reported basis and up 20% on an FX-Neutral basis.
    
GMV was $100.0 billion, up 17% on both an as-reported basis and an FX-Neutral basis.
    
GAAP and Non-GAAP operating margin were 26.4% and 31.3%, respectively.
    
Repurchased approximately $5.1 billion of its common stock and paid $447 million in cash dividends.

Press release