Why does eBay's 2018 Form 10-K filing show a different net revenue for 2018 than in its 2020 filing?

Question

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?

Flux · Accepted 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)

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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