eBay's 2018 10-K filing declares a net revenue for 2018 of $10.746 billion.
eBay's 2020 10-K filing declares a net revenue for 2018 of $8.650 billion.
Why is there a discrepancy?
Why does eBay's 2018 Form 10-K filing show a different net revenue for 2018 than in its 2020 filing?
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Similar question about a discrepancy in 2014/2015: eBay Revenue Statement Discrepancy– FluxMay 6, 2021 at 0:39
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1 Answer
The revenue was adjusted because of discontinued operations:
- In 2019, eBay sold its StubHub business.
- In 2020, eBay sold its Classifieds business.
| 2018 revenue (in billions) | |
|---|---|
| StubHub | 1.083 |
| Classifieds | 1.013 |
10.746 - 1.083 - 1.013 = 8.650
Revenues from discontinued operations were subtracted to make the 2018 revenue more comparable with the 2020 revenue.
Reference: eBay 2020 Form 10-K filing (Note 4 — Discontinued Operations)