eBay Earnings

– Revenue of $2.6 billion, up 5% on an as-reported basis and up 5% on an FX-Neutral basis

– Gross Merchandise Volume of $20.7 billion, down 10% on an as-reported basis and down 11% on an FX-Neutral basis

– GAAP and Non-GAAP EPS per diluted share of $(1.47) and $1.05, respectively, on a continuing operations basis

– GAAP and Non-GAAP operating margin of 26.3% and 31.6%, respectively

– Returned $3.1 billion to shareholders in Q4, including $3.0 billion of share repurchases and $107 million paid in cash dividends

– Completed the payments migration and vested in and exercised the first tranche of the Adyen warrant, valued at nearly $1.1 billion as of December 31, 2021

– Completed the sale of 80.01% of eBay Korea business to Emart for approximately $3.0 billion and recorded 19.99% retained interest, valued at approximately $725 million as of the end of the quarter

– Completed the sale of approximately 135 million shares of eBay's Adevinta stock to Permira for over $2.3 billion, reducing eBay's ownership of Adevinta to 33%

– Board of Directors declared a quarterly dividend of $0.22 per share, a 22% increase from the prior quarterly dividend, and expanded share repurchase authorization by an additional $4.0 billion