eBay (EBAY) Shares Drop 8% on Missed Guidance, Q4 EPS Beat Expectations

eBay (NASDAQ: EBAY) shares were trading more than 8% lower after-hours as the company’s Q1 and full 2022-year guidance came in worse than the Street estimates.

Q4 EPS was $1.05, beating the consensus estimate of $0.99. Revenue grew 5% to $2.6 billion, slightly lower than the consensus estimate of $2.61 billion.

During Q4, the company completed the sale of 80.01% of eBay Korea to Emart for around $3.0 billion and the sale of approximately 135 million shares of its Adevinta stock to Permira for over $2.3 billion. The company acquired Sneaker Con Digital, Sneaker Con's authentication business, with operations in the U.S., U.K., Canada, Australia and Germany.

The company expects Q1/22 EPS in the range of $1.01-$1.05, compared to the consensus of $1.10, and revenue in the range of $2.43-2.48 billion, compared to the consensus of $2.62 billion.

For the full 2022-year, the company expects EPS in the range of $4.20-$4.40, compared to the consensus of $4.51, and revenue in the range of $10.3-10.5 billion, compared to the consensus of $10.95 billion.

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