Online marketplace eBay (NASDAQ:EBAY) in Q4 CY2024, but sales were flat year on year at $2.58 billion. On the other hand, next quarter’s revenue guidance of $2.54 billion was less impressive, coming in 2.

E-commerce company eBay has reported a revenue of $2.57bn for the fourth quarter of the fiscal year 2024 (FY24) - a 1% increase on both an as-reported basis and when adjusted for foreign exchange (FX) impacts when compared to the same quarter of fiscal 2023.

Shares of e-commerce platform eBay (NASDAQ: EBAY) plunged on Thursday after the company reported financial results for the fourth quarter of 2024. At noon ET, eBay stock was down by 7%, but it had been down as much as 11% earlier in the day.

Bay stock is falling Thursday after the e-commerce company topped fourth-quarter expectations but issued a soft first-quarter outlook.

Online marketplace eBay reported solid fourth-quarter and full-year 2024 financial results, but its current-quarter revenue guidance fell short of expectations.