On December 16, 2024, eBay's Board of Directors authorized a new share repurchase program totaling $3 billion. This significant capital allocation decision reflects the company's strong financial position and its commitment to delivering value to shareholders.
Share repurchases reduce the number of outstanding shares, which can increase earnings per share and potentially enhance shareholder returns. This authorization follows a period of consistent capital returns, with eBay repurchasing $625 million of common stock and paying $134 million in cash dividends in Q1 2025.
The new program underscores management's confidence in eBay's long-term strategy and its ability to generate robust cash flow. It provides flexibility to manage capital effectively while continuing to invest in strategic growth initiatives.
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